Fitch rates Evraz notes BB-

Fitch Ratings said it assigned a BB- rating to Luxembourg-based Evraz Group SA's $750 million 8¼% senior unsecured notes due 2015.

This rating action follows a review of the final offer documents, which confirmed information Fitch used to assign the expected rating of BB- on Oct. 19.

Proceeds will be used to finance the acquisition of additional mining assets in Russia, to repay existing debt and for general corporate purposes.

This new issue is in line with Evraz's financial policy to centralize cash and funding management at the Evraz parent company level, the agency said.

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