Moody's: Evraz outlook stable

Moody's Investors Service said it changed the outlook of B1 corporate family rating of Evraz SA to stable.

At the same time, the outlook of the B2 ratings for senior unsecured notes, totaling $2.242 billion due in 2013, 2015 and 2018, were changed to stable from negative, the agency said.

According to Moody's, this rating action was prompted by the fact that the company received a positive resolution with adequate headroom for the financial covenants to face contingencies in a timely manner both from the syndicate banks and the bondholders.

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