S&P recalls Azovstal ratings
29 October 2009
Standard & Poor’s announced yesterday that it recalled its ratings on Ukrainian steelmaker Azovstal. The agency had assigned Azovstal a long-term foreign currency rating of ‘CCC+’ and long-term national currency rating of ‘B.’ S&P had also rated Azovstal’s USD 175 mln 2011 Eurobonds ‘B’.
