Evraz affirmed at 'BB' on Claymont Steel, Ukrainian assets buy - Fitch |
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Published
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Wed, 12 Dec 2007 12:25
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MUMBAI (Thomson Financial) - Fitch Ratings said it has affirmed Luxembourg-based Evraz Group SA's long-term IDR and senior unsecured ratings at 'BB' and short-term rating at 'B'.Fitch sad the affirmation follows the announcement the company plans to acquire the US-based steel maker Claymont Steel Holdings for 565 mln usd and several Ukrainian assets.Fitch also said it affirmed the ratings of Evraz's subsidiary, Mastercroft Ltd, at long-term IDR 'BB' and short-term IDR 'B'.The ratings agency added Evraz Securities SA's senior unsecured rating is affirmed at 'BB'. The outlook for Evraz's and Mastercroft's long-term IDRs are stable, Fitch said.TFN.newsdesk@thomson.comrsh/ssaCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Evraz Group agrees to buy Claymont Steel for about 564.8 mln usd cash 