Moody's changes Evraz outlook to stable

Moody's Investors Service said it changed to stable from positive the outlook of Evraz plc.

Concurrently, Moody's affirmed Evraz's Ba1 corporate family rating, Ba1-PD probability of default rating and the Ba2 senior unsecured ratings of the notes issued by Evraz.

“Today's change of Evraz's outlook to stable and affirmation of its ratings primarily reflect Moody's view that the company's leverage will remain elevated in 2020,” the agency said in a press release.

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