Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Evraz Group SA > News item |
Moody's ups Evraz, rates bonds B2
Moody's Investors Service said it upgraded the corporate family rating of Evraz Group SA to Ba3 from B1 and assigned a prospective B2 rating to its proposed bond issue.
The B3 rating on the existing $175 million guaranteed senior unsecured notes due 2006 and $300 million guaranteed senior unsecured notes due 2009 issued by Evraz Securities SA was upgraded to B1.
The outlook is stable.
The corporate family rating reflects Evraz's established position in the domestic steel market and strengthened business profile, the agency said. It also reflects the high level of earnings cyclicality due to swings in demand for steel products and an increased debt due to recent acquisitions.
© 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.