PAO Severstal: Fitch Ratings downgraded Severstal's credit rating (1295349)

PAO Severstal (SVST) PAO Severstal: Fitch Ratings downgraded Severstal's credit rating 05-March-2022 / 12:30 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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Fitch Ratings downgraded Severstal's credit rating

PAO Severstal (MOEX: CHMF; LSE: SVST) notifies that Fitch Ratings has downgraded Severstal's long-term foreign currency and local currency Issuer default ratings to 'B' from 'BBB' and placed them on Rating Watch Negative (RWN) to reflect similar actions on the Russia's sovereign ratings on 2 March 2022.

The full announcement from Fitch is available at https://www.fitchratings.com/entity/pao-severstal-80975857#ratings

For further information, please contact:

Severstal Investor Relations

Vladimir Zaluzhsky, Nikita Klimantov

T: [phone]

[e-mail]; [e-mail]

Severstal Public Relations

Anastasia Mishanina

T: [phone]

[e-mail]

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P?? Severstal is one of the world's most efficient metals and mining companies, working with customers and partners to create new products and integrated solutions from steel. The company's assets are located in Russia, Latvia and Poland. Severstal is listed on MOEX and the company's GDRs are traded on the LSE. Severstal reported revenue of USD11.6 million and EBITDA of USD6 bln in 2021. Severstal's crude steel production in 2021 reached 11.6 million tonnes.

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ISIN:           US8181503025 
Category Code:  MSCL 
TIDM:           SVST 
LEI Code:       213800OKDPTV6K4ONO53 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   147124 
EQS News ID:    1295349 
 
End of Announcement  EQS News Service 
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March 05, 2022 04:30 ET (09:30 GMT)