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Moody's: Operating environment underpins ratings of Severstal and Gerdau
London, 19 November 2015 -- Russian integrated steelmaking and mining company PAO Severstal's (Ba1 negative) significantly lower leverage and much higher profitability give it a stronger financial profile than its Brazilian investment-grade peer Gerdau ...
Severstal to Buy Back $600 Million of Bonds After Exiting U.S.
PAO Severstal plans to buy back as much as $600 million of dollar bonds after the steel company sold its U.S. mills and as debt prices sank on Russia's weak economy.
Severstal hot dip galvanising contract awarded to CMI
PAO Severstal Russia has chosen CMI as the supplier of its new high-performance hot-dip galvanizing line and colour coating line to be installed at its Cherepovets plant in Russia.
Greg Wright: Workers' pensions ordeal reveals watchdog lacks bite
Shortly after the firm closed, Craig Whittaker, the Conservative MP for Calder Valley, wrote to the Pensions Regulator, asking it to investigate the position of the Carrington Wire pension scheme, after what remained of the business was sold out of the ...
Severstal inks Renault-Nissan AvtoVAZ contract
Severstal has signed a four-month contract to deliver rolled steel to Renault-Nissan from its Cherepovets Mill (CherMK). The steel will be used in car production at the Moscow and Togliatti plants of the Renault-Nissan and AvtoVAZ Alliance.
Carrington Wire: Did watchdog win its game of Russian roulette?
On the eve of the hearing, however, TPR accepted the offer of �8.5m from PAO Severstal and OAO Severstal-Metiz. PP understands the funds were paid in very quickly after the agreement was reached.
Vladimir Putin Starts His Own Ratings Firm
Vladimir Putin's homegrown credit-ratings firm is up and running and foreign competitors are already feeling the heat. In the past three weeks, Moody's Investors Service Inc. and Fitch Ratings Ltd.
NLMK Emerges as Russia's Largest Steelmaker as Rivals Cut Output
OAO Novolipetsk Steel, controlled by billionaire Vladimir Lisin, became Russia's largest steelmaker by total output in 2014 after Evraz Plc's production in Europe and the U.S.
Rail freight news in brief
A memorandum of co-operation signed by Russian Railways, Gefco and PAO Severstal at the St Petersburg International Economic Forum on June 17 covers proposals for RZD to move metal products and raw materials for Severstal, with Gefco to optimise ...
Moody's reviews for downgrade 13 Russian non-financial corporates and ...
London, 10 March 2016 -- Moody's Investors Service has placed 13 Russian non-financial corporates and their supported subsidiaries on review for downgrade.