Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Severstal OAO > News item |
S&P raises Severstal
Standard & Poor's said it raised its long-term corporate credit rating on OAO Severstal to BB- from B+.
The outlook is stable.
At the same time, the agency said that the Russia national-scale rating on Severstal was raised to AA-(ru) from A+(ru).
All ratings were removed from CreditWatch with positive implications, where they had been placed on May 26, the agency said.
S&P said that Severstal's business profile now benefits from vertical integration in coal and iron ore, which will help to mitigate swings in raw material prices and bolster profitability.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.