Fitch Ratings confirmed the rating of Severstal with a stable forecast

Today, Fitch Ratings confirmed the long -term rating of the issuer default (RDE) OJSC Severstal at the BB level with a “stable” forecast. This is stated in the report of the rating agency.

Confirmation of the ratings followed the implementation of industry analysis, as a result of which NLMK ratings (“BBB-”/forecast “Negative”) and Euras (“BB-”/forecast “Stable”) were confirmed.

Fitch analysts predict the stability of Severstal due to the normal ratio of the value of borrowed capital to their own, as well as the positive or neutral cash flow of the company in the next three years.

“The key factor affecting the dynamics of company ratings in the future will be their ability to reduce capital investments and generate positive free cash flow,” the Fitch said in a statement.