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

 

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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.: 148638
EQS News ID: 1300895

 
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UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.