10
Sep
11:56
S&P downgrades Evraz outlook due to weak market
Standard & Poor’s (S&P) has revised the outlook on the ratings of Russian steelmaker Evraz to negative from stable, due to weak market conditions, and affirmed the BB+ rating of the company.
“The negative outlook indicates that we could lower the rating if Evraz's funds from operations (FFO) to debt were to remain around or fall below 30% in 2021, primarily due to low coal prices and while the rest of the steel industry recovers,” the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous