S&P: Goldcorp view to negative

Standard & Poor’s said it revised the outlook Goldcorp Inc. to negative from stable.

The agency also said it affirmed the company’s BBB+ long-term corporate credit and senior unsecured debt ratings.

The outlook revision primarily reflects the potential that Goldcorp’s core credit measures will not improve to levels commensurate with a modest financial risk profile through 2016, S&P said.

Goldcorp’s financial risk profile has become more sensitive to potentially lower gold margins due mainly to its higher net debt associated with new mine development, the agency said.

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