Expert RA Ups EVRAZ to ruAA-
21 November 2018 (10:39)
UrBC, Moscow, November 21, 2018. The rating agency Expert RA improved EVRAZ Holding’s credit rating to ruAA-, with Stable rating outlook. The holding used to get rated as ruA+, with Stable rating outlook, earlier, the agency’s press service reports.
EVRAZ Holding is a vertically integrated mining and metallurgical company with primary production assets based in Russia and the United States. In the first half of 2018, 62% of the company’s revenues stemmed from its Russian steel market sales, 16% came from the U.S. steel market sales, and 18% came from the coal sales.
The holding’s rating went up after EVRAZ’s credit parameters improved alongside the growing prices of its primary produce. The company’s net debt/EBITDA ratio dropped down to 1.1 on June 30, 2018 against 2.0 one year earlier.
EVRAZ Holding is a vertically integrated mining and metallurgical company with primary production assets based in Russia and the United States. In the first half of 2018, 62% of the company’s revenues stemmed from its Russian steel market sales, 16% came from the U.S. steel market sales, and 18% came from the coal sales.
The holding’s rating went up after EVRAZ’s credit parameters improved alongside the growing prices of its primary produce. The company’s net debt/EBITDA ratio dropped down to 1.1 on June 30, 2018 against 2.0 one year earlier.
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