Moody's says Barrick's Sale of Half of its Veladero Mine is Credit Positive
Announcement: Moody's says Barrick's Sale of Half of its Veladero Mine is Credit Positive. Global Credit Research- 06 Apr 2017. Toronto, April 06, 2017-- Moody's Investors Service, commented that Barrick Gold Corporation's announced sale of half of its Veladero mine to Shandong Gold Group Co., Ltd. as a part of a strategic cooperation agreement is credit positive because the company could use some portion of the proceeds to reduce debt given the company's debt reduction targets.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.