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S&P upgrades Gold Fields’ credit rating

3rd May 2022

By: Darren Parker

Deputy Editor Online

     

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Ratings agency S&P Global Ratings has upgraded JSE- and NYSE-listed Gold Fields’ credit rating from BBB- to BB+, while also upgrading the company’s debt ratings on its senior unsecured notes.

Gold Fields said on May 3 that S&P also raised the short-term rating for the company to A-3 from B and affirmed its zaAAA/zaA-1+ South African national scale ratings.

“This upgrade puts Gold Fields on an investment-grade credit rating at both S&P and Moody’s Investors Service and highlights the work we have done in recent years to strengthen the balance sheet,” said Gold Fields CFO Paul Schmidt.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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