Investegate |PJSC Polyus Announcements | PJSC Polyus: Moody's upgrades PJSC Polyus ratings to 'Baa3'

PJSC Polyus
Moody's upgrades
PJSC Polyus ratings
to 'Baa3' with a stable outlook
PJSC Polyus (LSE, MOEX - PLZL) ("Polyus", or the "Company") notes that Moody's Investors Service ("Moody's") has upgraded the Company's Rating to 'Baa3'/stable from 'Ba1'/stable.
In assigning Polyus a 'Baa3' Rating, Moody's highlighted the Company's track record of deleveraging supported by strong cash flow generation on the back of its solid operating performance and pro-active debt management.
The upgrade also reflects the Company's global cost leadership, stellar reserve base and its history of organic growth, with Sukhoi Log further contributing to strengthening of the Company's business profile. Among other rating drivers, Moody's underscored the Company's conservative financial policy amid various gold price scenarios and continuous efforts on ESG front.

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