S&P affirms, withdraws Evraz; withdraws notes

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

At the company's request, the agency subsequently withdrew the B+ corporate credit rating, as well as the BB issue-level rating and 1 recovery rating on the company's $350 million 7½% senior secured notes due 2019, following the early redemption of its senior secured notes due 2019.

The outlook was stable at the time of the withdrawal.

S&P said that at the time of the affirmation and withdrawal, its view of the company's business and operating prospects incorporated the competitive and volatile nature of the North American steel market.

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