In 2013, the credit rating agencies Moody’s and Fitch have both assigned first time credit ratings to Nordgold.

Moody’s Fitch
Credit rating Ba3/Stable BB-/ Positive
Date of rating 19 March 2015 9 March 2017

In its analysis of Nordgold, Moody’s notes the company’s diversified operational and geographic profile, long-life reserve base, conservative financial policy as well as strong corporate governance practices. The stable outlook on the rating assumes that Nordgold will follow its strategy of organic growth and continue to generate significant operating cash flows.

In its release Fitch notes that the affirmation of the Company’s ratings reflects operational and financial results in line with the agency’s previous expectations, together with good progress on development projects including the commissioning of the Bouly mine. The revision of the Outlook to positive reflects a combination of the operational benefit expected from the commissioning of the company’s Gross mine together with an expected improvement in credit metrics post 2017.

CONTACTS

Anastasia Shatskaya

Acting Head of Media Relations
tel.+7 495 644 44 73 #707 6697

ROMAN MEZHUEV

RECRUITMENT MANAGER
tel.+7 495 644 44 73

OLEG BAZALEEV

HEAD OF SUSTAINABLE DEVELOPMENT PROJECTS
tel.+7 495 644 4473 #707 6746