Moody’s changes Evraz view

Moody’s Investors Service said it changed to positive from stable 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.

The agency said the change of Evraz's outlook to positive and affirmation of its ratings primarily reflect Moody's expectation that the company will maintain its strong financial metrics despite the volatility in steel and coking coal prices, retain healthy liquidity, and continue to pursue balanced financial and dividend policies amid its increased capital spending and risks that persistent international trade disputes will undermine global demand for steel and commodities.

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