Fitch assigns Eldorado Gold B

Fitch Ratings said it assigned a B issuer default rating to Eldorado Gold Corp. with a stable outlook. Fitch also assigned a BB/RR1 rating to the company’s first-lien revolver and term loan and a B/RR4 to its second-lien secured notes.

“The ratings reflect Eldorado’s small size and concentration in four producing mines, average cost position in the second quartile of the global cost curve, relatively stable production profile through the forecast period, average mine life from producing gold assets at over 10 years and heightened execution and geopolitical risks pertaining to the company’s assets in Greece,” Fitch said in a press release.

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