DJ PAO Severstal: Moody's downgraded Severstal's credit rating
PAO Severstal (SVST) PAO Severstal: Moody's downgraded Severstal's credit rating 11-March-2022 / 16:49 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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Moody's downgraded Severstal's credit rating
PAO Severstal (MOEX: CHMF; LSE: SVST) notifies that Moody's has downgraded Severstal's long-term Corporate rating to 'Caa2, outlook: Negative' from 'Baa2, outlook: Stable'. Rating action follow the sovereign rating action on the Government of Russia which took place on 6 March 2022, where Moody's downgraded the Government of Russia's rating to Ca from B3.
The full announcement from Moody's is available at https://www.moodys.com/research/ Moodys-downgrades-the-ratings-of-95-Russian-corporates--PR_463626
For further information, please contact:
Severstal Investor Relations
Vladimir Zaluzhsky, Nikita Klimantov
T: +7 (495) 926-77-66
vladimir.zaluzhsky@severstal.com; na.klimantov@severstal.com
Severstal Public Relations
Anastasia Mishanina
T: +7 (495) 926-77-66
anastasia.mishanina@severstal.com
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P?? Severstal is one of the world's most efficient metals and mining companies, working with customers and partners to create new products and integrated solutions from steel. The company's assets are located in Russia, Latvia and Poland. Severstal is listed on MOEX and the company's GDRs are traded on the LSE. Severstal reported revenue of USD11.6 million and EBITDA of USD6 bln in 2021. Severstal's crude steel production in 2021 reached 11.6 million tonnes.
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ISIN: US8181503025 Category Code: MSCL TIDM: SVST LEI Code: 213800OKDPTV6K4ONO53 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 148638 EQS News ID: 1300895 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1300895&application_name=news
(END) Dow Jones Newswires
March 11, 2022 08:49 ET (13:49 GMT)
