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22 Jan
15:57

Major projects to improve Evraz market position: Fitch

Fitch Ratings has reaffirmed Evraz' Long-Term Issuer Default Rating (IDR) at 'BB+' and confirmed the integrated steelmaker’s outlook as ‘Stable’, Kallanish notes. The credit rating agency notes Evraz’s capital expenditure growth over the next three years as the Russian steelmaker realises a number of large-scale projects. Evraz will spend around $1 billion annually in this period, half of which will be spent on mainten…
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