London, 18 August 2014 -- Moody's Investors Service (Moody's) views as credit neutral for Evraz Group S.A. (EVRAZ, Ba3 stable), the announcement that EVRAZ has signed a $425 million five-year pre-export credit facility (PXF) agreement with a syndicate of international banks, including Deutsche Bank AG (A3 negative), ING Bank N.V. (A2 negative) and Societe Generale (A2 negative). The transaction will enable the company to reduce the average interest rates paid on its debt, extend the average length of its loan portfolio and improve its maturity profile. This deal also illustrates the company's continued access to funding from international financial institutions during a period of geopolitical tensions between the US/EU and Russia over Ukraine, including sanctions.

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