PAO Severstal: S&P Global Ratings downgraded Severstal's credit rating
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PAO Severstal (SVST)
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 [email protected]; [email protected] Severstal Public Relations Anastasia Mishanina T: +7 (495) 926-77-66
*** PАО 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 $11.6 million and EBITDA of $6 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.: | 147925 |
| EQS News ID: | 1298195 |
| End of Announcement | EQS News Service |
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