27
Mar
14:26
Fitch places Evraz on negative rating watch
Fitch has placed Evraz on Rating Watch Negative due to the Russian steelmaker’s weaker-than-expected financial performance in 2015 which reflected reduced construction steel demand in Russia.
“We believe there is now a higher risk that Evraz Group's credit metrics will not return within expected parameters for the current rating,” Fitch says in a note sent to Kallanish. Over the next 3-6 months the credit rating agency will meet with Evraz&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous