London, 04 April 2014 -- Moody's Investors Service has today said that it views as credit positive for Evraz Group S.A. ('Evraz'; Ba3 stable) the announcement by EVRAZ plc (unrated) that it has signed and closed of the deal on the disposal of its wholly-owned subsidiary, EVRAZ Vitkovice Steel (EVS) to a group of private investors. The transaction does not have immediate credit implications for the rating or outlook of Evraz, given its sizeable leverage and the uncertainty surrounding current industry conditions, including weak steel demand.
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