Miami, FL (PRWEB) August 21, 2012
ArcelorMittal, the world's largest steel company, has been added to J W Korth & Company's Mid-Grade 33 Managed Bond Accounts and is being recommended to all its investment clients.
"We are always seeking viable additions to our managed accounts and for recommendation to our standard brokerage accounts and financial advisory and institutional customers. As the world's largest steel company with a very strong and diversified structure, we believe ArcelorMittal will withstand the current difficulties facing the global markets and rise strongly as global markets turn around. We feel this credit has a strong reward vs risk ratio. Therefore we are placing ArcelorMittal bonds in our managed portfolios and recommending this credit to our standard investment customers," says Steve McNaughton, Regional Vice President of J W Korth & Company. Arcelor Mittal has a wide spectrum of bond issues currently available in the market place. These range from shorter issues to issues of 27 years. Yields range from the low 2% to the 8% level depending on coupon levels and maturities. The bonds can be found on the company's website by taking a "test drive" on shop4bonds.com. The ratings for ArcelorMittal are BB+, BAA3 and BBB- by Standard & Poors, Moody's and Fitch respectively and are on credit watch negative at Moody's.
About J W Korth & Company
J W Korth & Company was founded in 1982 and has represented the fixed income needs many major corporations and the United States Government. Korth serves both institutional and high net worth retail investors and assists financial advisors with its broad reach and deep knowledge of the fixed income markets. Its primary expertise has always involved managing underwritings and dealing as a principal in all types of bonds. The firm is a Broker Dealer, Financial Advisor and a member of FINRA, SIPC and the MSRB. Korth has offices in Miami, Orlando, and Lansing, Michigan and custodies and clears through RBC Capital Markets, Inc.
J W Korth & Company acts as a market maker and may have a long or short position at anytime in ArcelorMittal securities and may gain or lose money if ArcelorMittal bonds rise or fall in the marketplace.