Moody’s lifts Evraz, notes

Moody's Investors Service said it upgraded Evraz Group SA's corporate family rating to Ba2 from Ba3, probability of default rating to Ba2-PD from Ba3-PD and senior unsecured notes to Ba3 from B1.

The outlook was changed to stable from positive.

"We have upgraded Evraz's ratings based on our expectation that the company will be able to sustain its reduced leverage, continue to balance debt reductions with dividend payouts, and maintain healthy liquidity and positive post-dividend free cash flow," Moody’s vice president, senior credit officer Artem Frolov said in a news release.

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