Fitch rates Evraz notes BB

Fitch Ratings said it assigned Evraz Group SA's $1.05 billion and $550 million notes due in 2013 and 2018, respectively, final BB ratings. The ratings are in line with Evraz's BB long-term issuer default rating. The notes maturing in 2013 have an annual coupon of 8 ¾% while the notes maturing in 2018 have an annual coupon of 9 ½%.

Fitch also said it affirmed Evraz's long-term issuer default rating and senior unsecured ratings at BB and short-term issuer default rating at B. Subsidiary Mastercroft Ltd.'s long-term issuer default rating was affirmed at BB, short-term issuer default rating at B, and senior unsecured rating at BB rating of Evraz Securities SA.

The outlook is stable.

© 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.