Fitch Affirms Nordgold’s BB Credit Rating with Stable Outlook
London, United Kingdom, 12 February 2019 - Nord Gold SE ("Nordgold" or the "Company"), the internationally diversified gold producer, announces that Fitch Ratings has affirmed the Company’s Long-Term Issuer Default Rating (the “IDR”) at BB’.
The Outlook on the Company’s Long-Term IDR is Stable. The Short-Term IDR was affirmed at 'B'.
In its announcement, Fitch Ratings cites that the rating affirmation reflects Fitch’s view that Nordgold will achieve solid operational and financial performance in 2019-2021 after a challenging 2018. Additional gold volumes from commissioned in H2 2018 Gross mine and the Berezitovy underground mine should increase the Company’s total annual output.
| Andrei Naumov
Media Relations Specialist
|Tel: +7 495 644 4473|
|Peter Ogden||Tel: +44 (0) 20 7250 1446|