PAO Severstal: S&P Global Ratings downgraded Severstal's credit rating (1298195)
March 09 2022 - 2:52AM
UK Regulatory
PAO Severstal (SVST) PAO Severstal: S&P Global Ratings
downgraded Severstal's credit rating 09-March-2022 / 11:52 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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S&P Global Ratings downgraded Severstal's credit rating
PAO Severstal (MOEX: CHMF; LSE: SVST) notifies that S&P
Global Ratings lowered its foreign and local currency credit
ratings on Severstal to ' CCC-, outlook negative' from 'BBB-,
outlook stable' and placed them on CreditWatch Negative, after
similar action on sovereign rating.
The full announcement is available at S&P website
https://www.spglobal.com/ratings/en/index
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
***
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.: 147925
EQS News ID: 1298195
End of Announcement EQS News Service
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