Ratings agency S&P Global Ratings Services has placed its ‘BB-‘ issuer credit ratings on Russian gold miner PJSC Polyus and its controlling shareholder, Polyus Gold, on CreditWatch with positive implications.
S&P’s highlighted the company’s strong profitability, positive free operating cash flow generation, falling leverage and the expectation that Polyus will report supportive operating and financial results for this year and beyond.
