Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Severstal Surges to One-Month High as Moody’s Boosts Rating

OAO Severstal, Russia’s second-largest steel producer, jumped to a one-month high as Moody’s Investors Service raised the company’s rating to one step below investment grade, citing profitability and “healthy” cash flow.

The stock surged 3 percent to 386.20 rubles by the close in Moscow, the highest price since May 3. Severstal’s $500 million of Eurobonds due 2016 extended gains, cutting the yield by 51 basis points, or 0.51 percentage point, to 6.593 percent. A close at this level is the lowest since May 11, according to data compiled by Bloomberg.

“Today’s rating action reflects continued improvement in Severstal’s operating performance and financial profile, including solid profitability aided by a favorable cost profile and healthy cash flow generation,” Moody’s analysts led by Steven Oman said in an e-mailed note.

Moody’s lifted Severstal to Ba1 from Ba2, according to the statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.