S&P withdraws ratings on Azovstal at company's request
4 March 2009
Standard & Poor’s said yesterday that it is recalling Azovstal’s long-term ‘CCC+’ credit rating in foreign currency and ‘B-‘ rating in local currency at the request of the company. Azovstal’s USD 175 mln Eurobond issue maturing in 2011 was rated ‘CCC’ by S&P and carried a default rating of ‘5.’
