OREANDA-NEWS. Fitch Ratings today says no rating impact is expected on Luxembourg-based Evraz Group S.A.'s ("Evraz") Issuer Default ("IDR") and senior unsecured "BB" ratings and Short-term "B" rating following the company's announced plans to acquire the remaining 50% stake in Yuzhkuzbassugol.

Fitch also expects no impact on core subsidiary Mastercroft Limited's IDR "BB" and Short-term "B" rating and on Evraz Securities SA's ("ES") senior unsecured "BB" rating. The Outlooks on all the IDRs are Stable.

Although the price of the acquisition is not publicly disclosed, Fitch does not view the acquisition as negatively impacting credit metrics of Evraz given its scale of operations compared to Yuzhkuzbassugol and strong financial profile (USD842m cash at FYE06).