DBRS: Barrick under review

DBRS said it has placed the ratings of Barrick Gold Corp. and its subsidiaries under review with negative Implications as troubled investment decisions, declining gold prices, rising costs, high capital expenditures and difficulties with development projects have resulted in a weaker company with higher debt levels and deteriorating credit metrics.

A failure to provide an appropriate plan to reverse the trend of deteriorating business profile and credit metrics can be expected to result in a downgrade of Barrick's and its subsidiary companies' ratings in the coming months, the agency added.

© 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.