Polyus Finance Plc
Polyus Finance Plc: S&P Global Ratings raises PJSC Polyus Rating
DGAP-News: Polyus Finance Plc / Key word(s): Rating Press Release 12 November 2018
PJSC Polyus S&P Global Ratings raises PJSC Polyus Rating from ‘BB-‘ to ‘BB’, with Stable Outlook PJSC Polyus (LSE, MOEX – PLZL) (“Polyus” or the “Company”) notes that S&P Global Ratings (“S&P”) has upgraded its long-term issuer credit and issue ratings on Polyus from ‘BB-‘ to ‘BB’. The outlook is stable. In assigning Polyus a ‘BB’ Rating, S&P highlighted the Company’s adherence to its prudent financial policy. The upgrade also reflects Polyus’ strengthening credit metrics, supported by growth in gold production, a strong liquidity position, positive free operating cash flow generation and the successful execution of its development projects. Mikhail Stiskin, Senior Vice President, Finance and Strategy, commented: “We see this rating action as clear recognition of the company’s financial policy track record in recent years. We are also pleased that S&P have referenced the Company’s strong production results and governance standards as factors behind their decision to raise Polyus to ‘BB’.” Polyus Polyus is the largest gold producer in Russia and one of the top ten gold miners globally with the lowest cost position. Based on its 2017 Ore Reserves and Mineral Resources, Polyus group ranks second both by attributable gold reserves and gold resources among the world’s largest gold mining companies. The Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
Enquiries Investor contact Victor Drozdov, Director Investor Relations +7 (495) 641 33 77 Media contact Victoria Vasilyeva, Director Public Relations +7 (495) 641 33 77
12.11.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Polyus Finance Plc |
16 Berkeley Street | |
W1J 8DZ London | |
United Kingdom | |
Phone: | +44 (0)203 907 4050 |
E-mail: | sergei.nossoff@pgil.co.uk |
Internet: | http://polyus-finance.polyus.com/ |
ISIN: | XS1533922933 |
WKN: | A19CYF |
Listed: | Regulated Unofficial Market in Stuttgart; London |
End of News | DGAP News Service |