Fitch rates Evraz notes BB-

Fitch Ratings said it assigned Evraz Group SA's proposed benchmark size dollar-denominated senior unsecured notes an expected senior unsecured BB- rating.

The proceeds will be used to refinance existing debt and to support company growth via further investment in expanding operations.

Fitch said many of the terms of the new unsecured notes are in line with those in Evraz Securities SA's $150 million unsecured notes due 2009 (BB-), except for new clauses covering subsidiary debt and dividend payments.

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