S&P lifts Evraz North America view to stable

S&P said it affirmed the B+ corporate credit rating on Evraz North America plc.

The agency also said it revised the outlook to stable from negative.

S&P also said it affirmed the BB rating on the company's $350 million senior secured notes due 2019.

The recovery rating remains at 1, indicating 90% to 100% expected default recovery.

Evraz, which is domiciled in the United Kingdom, is a 100% subsidiary of Russian integrated steel maker Evraz Group SA.

Evraz North America is a holding company for all of the group's operations in the United States and Canada.

The stable outlook reflects the outlook on the parent company, S&P explained.

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