International ratings agency Moody's Investors Service has changed the rating outlook for the Russian mining and steel producer Evraz Group from stable to positive. Moody's also affirmed the B1 corporate family rating and the B2 ratings for the company's senior unsecured notes totaling $2.242 billion.
Moody's commented that the change was prompted by improvements in operating performance and credit metrics that Evraz achieved since the trough of the steel markets, and in particular during 2010.