KIEV, April 8 - Moody's Investors Service has assigned a B3 rating to Ferrexpo's new $500 million 7.875% senior unsecured notes due April 7, 2016.

As Moody's said in a statement, all other ratings of the group remain unchanged. The outlook on all ratings is stable.

The new $500 million 5-year senior unsecured guaranteed notes will rank pari passu with all existing senior, unsecured and unsubordinated indebtedness of the group. The one-notch differential to the corporate family rating reflects the presence of 1) senior secured debt at the main operating subsidiary level (Ferrexpo Poltava) and 2) a senior secured $350 million pre-export finance facility at Ferrexpo Finance Plc level.