TORONTO, March 03, 2020 (GLOBE NEWSWIRE) — On March 2, 2020, Moody’s Investor Service (“Moody’s”) announced that it upgraded Kinross Gold Corporation’s credit rating (TSX:K; NYSE:KGC) to investment grade. Kinross’ senior unsecured notes rating was upgraded to Baa3 from Ba1, with a stable outlook.
Kinross now has investment grade credit ratings from Moody’s, S&P Global Ratings and Fitch Ratings, all three rating agencies that rate the Company’s debt.Moody’s noted that the upgrade was due to Kinross’ cash cost being in line with investment grade peers, steady production and conservative financial policies.Kinross’ total liquidity at December 31, 2019 was more than $2 billion, including cash and cash equivalents of $575 million and available credit of approximately $1.5 billion.About Kinross Gold Corporation
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