Fitch Ratings leaves Evraz Group on Rating Watch

27 February 2010 (10:51)

The international rating agency still keeps Evraz Group SA’s long-term Issuer Default Rating (B+) and priority non-secured rating (B+) on the Rating Watch list, with Negative Rating Outlook. The steel company’s short-term Issuer Default Rating has been affirmed at B, while the asset payback rating came to RR4.

Fitch Ratings’ analysts explain the company keeps Negative outlook because it is still unclear whether Evraz will manage to get the funding needed to refinance its debts and pay them off in 2010 – 2011.

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