The rating agency Expert RA has confirmed the Severstal credit worthiness rating at the level of ruAAA with Stable Outlook.
According to the agency, the group is maintaining one of the highest levels of profitability among global metal companies. In 2019 its EBITDA margin was 34.4%, down from 36.6% in 2018.
The group debt grew from $1.2 billion as of the end of 2018 to $1.57 billion. Dollar accounts for 80% of the debt portfolio.
The agency notes that Severstal is oriented on domestic market, with 67% of revenue accounting for Russia in 2019. Some 22% of revenue were formed in Europe. (Ukrainian metal)