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S&P lifts Goldcorp view to stable
S&P said it revised its outlook on Goldcorp Inc. to stable from negative and affirmed its BBB+ long-term corporate credit rating on the company.
S&P also affirmed its BBB+ issue-level rating on Goldcorp's senior unsecured notes.
“The outlook revision primarily reflects our view of the improved prospects for Goldcorp to generate and sustain credit measures that are commensurate with the ratings,” S&P said in a news release.
“We expect the company's adjusted debt-to-EBITDA (leverage) ratio to remain below 2x and funds from operations (FFO)-to-debt above 45% over the next two years, consistent with our outlook trigger to stable from negative.”
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