S&P Global Ratings revises Outlook to Positive S&P Global Ratings revises Outlook on PJSC Polyus to Positive and reaffirms 'BB' Rating
24 January 2020
PJSC Polyus
S&P Global Ratings revises Outlook on PJSC Polyus to Positive and reaffirms 'BB' Rating
PJSC Polyus (LSE, MOEX - PLZL) ("Polyus" or the "Company") notes that S&P Global Ratings ("S&P") has revised its outlook on Polyus to Positive from Stable and reaffirmed the Company's 'BB' Rating.
In assigning Polyus a 'Positive' Outlook, S&P highlighted the Company's moderate financial policy and improved credit metrics. S&P also expects that Polyus will continue delivering strong operating performance in 2020-2021 on the back of its solid cost position and stable production profile.
Mikhail Stiskin, Senior Vice President, Finance and Strategy, commented:
"We welcome S&P's decision to upgrade Polyus' outlook. We are pleased that international rating agencies recognize our commitment to prudent financial policy and Polyus' global cost leadership."
Polyus
Polyus is the largest gold producer in Russia and one of the top 10 gold miners globally with the lowest cost position. Based on its 2018 Ore Reserves and Mineral Resources, the Polyus group ranks the third by attributable gold reserves among the world's largest gold mining companies.