Moody's Upgrades Barrick to A3 with Stable Outlook
TORONTO, Dec. 14, 2022 (GLOBE NEWSWIRE) -- 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 CEO Mark Bristow +1 647 205 7694 +44 788 071 1386
Senior EVP and CFO Graham Shuttleworth +1 647 262 2095 +44 779 771 1338
Investor and Media Relations Kathy du Plessis +44 20 7557 7738 Email: [email protected]
Every child deserves the best start in life. But for young families, including Millennial and Gen Z parents in Kanata and across the country, the costs of child care can add up to a second rent or mortgage payment. This makes it harder to start and...
eWTP Arabia Capital Technology Fund I ("Techology Fund I"), managed by eWTP Arabia Capital ("eWTPA"), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the...
Agway of Cape Cod and Seaside Cannabis Company announce their partnership for the inaugural Clone Fest, set to take place on Sunday, May 19th. The event will be held at both locations, conveniently situated next to each other at 14 and 20 Lots Hollow...
Annick Timmer embodies the spirit of a vibrant entrepreneur and serves as the co-founder of The EBH Group, a distinguished firm specializing in ultra-luxury real estate and interior design. Within The EBH Group, Annick assumes a...
The Prime Minister, Justin Trudeau, today issued the following statement on Tamil Genocide Remembrance Day:
"Fifteen years ago, the quarter-century-long armed conflict in Sri Lanka came to an end. Tens of thousands of Tamils tragically lost their...
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of UnitedHealth Group Inc. between March 14, 2022 and February 27, 2024, both dates inclusive (the "Class...
