OREANDA-NEWS. EVRAZ plc (LSE: EVR) welcomes the upgrade by Standard and Poor’s of the long-term corporate credit rating of Evraz Group S.A. to “BB-” from “B+” with a stable outlook. Standard and Poor’s also upgraded issue ratings of US Dollar senior unsecured notes issued by Evraz Group S.A. and Rouble denominated guaranteed notes issued by EvrazHolding Finance to “BB-” level.

In its press release published earlier today Standard and Poor’s recognised a resilient performance of the Group in 2014 which has resulted in improved cash flows and decreased leverage.