S&P has raised the rating of Severstal OJSC from “stable” to “positive”

 The agency has confirmed the long-term company’s rating at the “BB+” level.

S&P has raised the forecast by the credit rating of Severstal from “stable” to “positive”, the agency reports. S&P confirmed the long-term corporate credit rating of the company at the “BB+” level and the rating by the national scale at the “ruAA+” level.

Severstal OJSC is one of the largest in the world vertically integrated steelmaking and mining companies with the assets in Russia and the USA, as well as the Ukraine, Latvia, Poland, Italy, Liberia an Brazil.

A. Mordashov controls 79.2% of the company.