PAO Severstal: Fitch Ratings downgraded Severstal's credit rating (1301921)
March 14 2022 - 9:24AM
UK Regulatory
PAO Severstal (SVST) PAO Severstal: Fitch Ratings downgraded
Severstal's credit rating 14-March-2022 / 16:24 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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Fitch Ratings downgraded Severstal's credit rating
PAO Severstal (MOEX: CHMF; LSE: SVST) notifies that Fitch
Ratings has downgraded Severstal's long-term foreign currency and
local currency Issuer default ratings to 'CC' from 'B'/RWN.
The full announcement from Fitch is available at
https://www.fitchratings.com/research/corporate-finance/
fitch-downgrades-russian-commodity-companies-reflecting-debt-service-restrictions-11-03-2022
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.: 148936
EQS News ID: 1301921
End of Announcement EQS News Service
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