PAO Severstal: Moody's downgraded Severstal's credit rating (1300895)
March 11 2022 - 7:49AM
UK Regulatory
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.
-----------------------------------------------------------------------------------------------------------------------
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
***
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.
-----------------------------------------------------------------------------------------------------------------------
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)
Severstal' Pao (LSE:0SJQ)
Historical Stock Chart
From May 2024 to Jun 2024
Severstal' Pao (LSE:0SJQ)
Historical Stock Chart
From Jun 2023 to Jun 2024