Moody's confirms rating of Evraz Group, raises the rating of the "Raspadskaya" bonds.
Edited by Rhod Mackenzie / 2015-11-30 11:34:45
Finance Metals and mining Russia Raspadskaya Evraz Ratings Shares Russia Metals and Mining Coal Steel
On Friday international rating agency Moody's Investors Service confirmed the corporate family rating (CFR) of Evraz Group at "Ba3", according to a press release from the agency.
The rating of Raspadskaya Securities Ltd. on senior unsecured obligations of $ 400 million maturing in 2017 has been raised from "B2 (LGD4)" to "B1 (LGD)". Bonds are used to finance the loan of JSC "Raspadskaya". The rating upgrade reflects the fact that "Raspadskaya" became an indirect subsidiary of Evraz Group, Moody's informs.
