Evraz welcomes change of Moody’s outlook to Evraz ratings to ‘Positive’October 23, 2006 – Evraz Group S.A. (LSE: EVR) welcomes Moody's change of the outlook on all ratings assigned to Evraz Group S.A. from ‘Stable’ to ‘Positive’.
The ratings affected by the action are:
- Corporate Family Ratings at Evraz Group S.A. – Ba3;
- Senior Unsecured rating on global bonds at Evraz Group S.A. – B2;
- Senior guaranteed rating on eurobonds at Evraz Securities S.A. – B1.
In its press release Moody’s Investor Service noted Evraz’s continuous robust performance in 2006 as well as its strong financial position enabling the Company to service the increased absolute level of debt through the cycle.
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