Moody’s changes AngloGold view

Moody's Investors Service said it affirmed the Baa3 long-term issuer rating of AngloGold Ashanti Ltd. and the Baa3 senior unsecured ratings of AngloGold Ashanti Holdings plc.

The outlook was changed to stable from positive.

“The affirmation of the Baa3 ratings reflect the company's track record of conservative financial policies and the expectation that credit metrics will continue to remain strong,” the agency said in a news release.

“The change in outlook to stable from positive despite AngloGold's solid financial profile reflects a business profile that has higher operating costs and greater geopolitical risk exposure when compared to Baa2 rated gold mining companies.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.