28 Sep 2009 14:42

Moody's lowers Evraz Group rating, outlook negative

MOSCOW. Sept 28 (Interfax) - Moody's Investors Service has lowered its corporate family rating on Russian steel producer Evraz Group to "B1" from "Ba3", the agency said in a press release.

Ratings on priority debt totaling $2.75 billion and maturing in 2013, 2015 and 2018 were lowered to "B2" from "B1".

The outlook for the ratings is negative.