Moody’s Upgrades Barrick to A3 with Stable Outlook
14 Dezembro 2022 - 6:30PM
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that
Moody’s Investors Service (“Moody’s”) has upgraded the senior
unsecured ratings of Barrick and all rated subsidiaries to A3 from
Baa1, with a stable outlook.
In a news release announcing the upgrade, Moody’s
noted that Barrick’s liquidity is excellent, which provides
significant flexibility to maneuver through gold price
volatility.
Since August 2015, when Barrick’s long-term
corporate debt rating was last downgraded by Moody’s, Barrick’s
credit rating has been upgraded to Baa2 from Baa3 in March 2018 and
to Baa1 from Baa2 in October 2020.
Senior executive vice-president and chief financial
officer Graham Shuttleworth said: “This upgrade is reflective of
the continued progress that Barrick has made in strengthening our
balance sheet and managing our capital structure. These
improvements to our credit standing have been made alongside record
returns to shareholders in 2021 and 2022, highlighting the strong
overall performance of our business.”
Enquiries:
President and CEOMark Bristow+1 647 205 7694+44 788
071 1386
Senior EVP and CFOGraham Shuttleworth+1 647 262
2095+44 779 771 1338
Investor and Media RelationsKathy du Plessis+44 20
7557 7738Email: barrick@dpapr.com
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