Polyus Finance Plc

  • ISIN: XS1533922933
  • Land: United Kingdom

Nachricht vom 12.11.2018 | 14:20

Polyus Finance Plc: S&P Global Ratings raises PJSC Polyus Rating

DGAP-News: Polyus Finance Plc / Key word(s): Rating

12.11.2018 / 14:20
The issuer is solely responsible for the content of this announcement.


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

drozdovvi@polyus.com

Media contact

Victoria Vasilyeva, Director Public Relations

+7 (495) 641 33 77

vasilevavs@polyus.com


Forward looking statement

This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.



12.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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