Fitch upgrades Severstal to BBB
April 9, 2019 PAO Severstal (“Severstal”; “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that Fitch has upgraded its rating on Severstal to BBB from BBB- on 8 April. The outlook is stable. The rating agency underlined that the upgrade reflected Severstal’s conservative financial policy during the supply-driven…