For immediate release 30 September 2016
Polyus Gold International Limited
Moody's assigns Polyus Gold International Limited "Ba1" rating
Polyus Gold International Limited ("PGIL", or the "Company"), is pleased to note Moody's decision to assign PGIL a Ba1 Credit Rating with negative outlook. The rating assigned to the Company is in line with Russia's sovereign rating.
In assigning PGIL a Ba1 Rating, Moody's noted the Company's global cost leadership and large high-grade reserve base as well as PGIL's track record of cost-cutting and operational enhancements. In addition, Moody's recognised the Company's strong liquidity, long term debt maturity profile and positive free cash flow.
Forward looking statements
This announcement may contain "forward-looking statements" concerning PGIL. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of PGIL's operations. Many of these risks and uncertainties relate to factors that are beyond PGIL's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. PGIL assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.
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