Barrick Gold Corporation reported that Moody’s Investors Service has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to Baa2 from Baa3, with a stable outlook.
In a news release announcing the upgrade, Moody’s cited Barrick’s low adjusted leverage, large scale, diverse and low-cost gold assets;, free cash flow generation; and favorable geopolitical risk profile, noting “Barrick’s liquidity is excellent, which provides significant flexibility to maneuver through gold price volatility.”
