S&P rates Evraz subsidiaries

Standard & Poor's said it assigned its B+ long-term corporate credit ratings to EvrazHolding Finance LLC and LLC Sibmetinvest, the finance subsidiaries of Russia-based international steel producer Evraz Group SA. The outlook is stable.

The agency said it also assigned its B+ issue rating and 4 recovery rating to the series 5 and series 7 RUB 20 billion unsecured notes issued in June by EvrazHolding Finance and due in 2021.

At the same time, the agency said it affirmed the B+ issue and 4 recovery ratings on the notes previously issued by EvrazHolding Finance and Sibmetinvest.

S&P said it equalized the corporate ratings on EvrazHolding Finance and Sibmetinvest with the rating on the ultimate parent Evraz Group SA based on the agency's view of the high probability that the parent would provide support to the two subsidiaries if needed.

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