London, 27 November 2015 -- Moody's Investors Service ("Moody's") has today upgraded to B1 (LGD 5) from B2 (LGD 4) the senior unsecured rating assigned to Raspadskaya Securities Ltd.'s$400 million loan participation notes due 2017, which the company issued to finance a loan to Raspadskaya, OAO (Raspadskaya), reflecting the credit uplift gained from Raspadskaya becoming a majority-owned indirect subsidiary of Russian integrated steel making and mining company Evraz Group S.A. (Evraz; Ba3 stable).
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