OREANDA-NEWS. Fitch Ratings has today revised the Outlooks on OAO Severstal's Issuer Default and National Long-term ratings to Positive from Stable.

In addition, Fitch has affirmed Severstal's ratings at Issuer Default 'BB-' (BB minus), senior unsecured 'BB-' (BB minus), Short-term 'B' and National Long-term 'A+(rus)'.

The Positive Outlook reflects Severstal's corporate governance improvements that were undertaken in view of its IPO in November 2006 and Fitch's expectations that the company will continue to adhere to best international practice.