Moody’s upgrades Evraz’s rating to Ba2
Evraz Group S.A. (LSE: EVR) welcomes the upgrade by Moody's Investor's Service of the corporate family rating for Evraz from Ba3 to Ba2. Moody's has also upgraded the rating for the Guaranteed Notes issued by Evraz Group S.A. totaling US$750 million due in 2015 from B2 to Ba3 and the Guaranteed Notes issued by EvrazSecurities S.A. totaling US$300 million due in 2009 from Ba3 to Ba2.
In its press release published earlier today Moody’s acknowleged the continuing improvement of Evraz’s operating performance and financial results, and the Company’s strengthened liquidity profile as a result of successful re-financing of short term indebtedness following the signing of the US$3.2 billion syndicated credit facility with a group of 10 banks.
# # #
For further information:
Corporate Affairs and Investor Relations
Tel: +7 495 232 1370