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 rates Evraz Ba1, withdraws parent
Moody's Investors Service said it assigned a Ba1 corporate family rating and Ba1-PD probability of default rating to Evraz plc.
The outlook is stable.
At the same time, Moody's affirmed the Ba2 rating of the $750 million senior unsecured notes due 2023 issued by Evraz, following the substitution of the notes' issuer, as a result of which all rights and obligations under the notes were transferred from Evraz Group SA to Evraz on March 13.
Moody's withdrew the Ba1 corporate family rating, Ba1-PD probability of default rating and stable outlook of Evraz Group.
The agency said the actions follow the company's corporate reorganization. Evraz consolidates all the group's assets and will remain the reporting entity for the consolidated group.
© 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.