Moody’s assigns Sibanye Stillwater Ba3

Moody’s Investors Service said it assigned a Ba3 corporate family rating to Sibanye Stillwater Ltd. and a Ba3-PD probability of default rating.

The agency affirmed the Ba3 ratings on the senior unsecured notes due in 2022 and 2025 issued by Stillwater Mining Co. and guaranteed by a group, including Sibanye Gold Ltd.

Simultaneously, Sibanye Gold’s ratings and outlook have been withdrawn following its corporate reorganization in 2020. The assignment of a Ba3 rating to Sibanye with a positive outlook relative to the Ba3 rating with a stable outlook on SGL before withdrawal reflects the group’s improving credit profile, Moody’s said.

The outlook is positive.

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