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Fitch upgrades Severstal' OAO to BB+


Tuesday, 13 May 2014 01:46pm EDT 

Severstal' OAO:Fitch Ratings has upgraded Russian steel company Severstal's long-term issuer default rating (IDR) to BB+ from BB.The outlook is stable.The upgrade reflects improvement of the company's profitability following gains in production efficiencies and deleveraging.