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Moody's ups Gold Field's outlook to positive - SNL Financial

Monday, 19 September 2016

Moody's changed the outlook of Gold Fields Ltd. from stable to positive on the back of better-than-expected cost and production at Gold Fields' South Deep gold mine in South Africa.

The rating agency on Sept. 16 also affirmed the company's corporate family rating at Ba1 and probability of default ratings at Ba1-PD.

Moody's also changed the outlook from stable to positive and affirmed the Ba1 rating assigned to the US$1 billion senior unsecured notes due Oct. 7, 2020, issued by Gold Fields Orogen Holdings (BVI) Ltd. and guaranteed by Gold Fields.

According to Moody's, first-half production at South Deep increased 87% year over year and the mine is expected to begin to continue to contribute increasing free cash flow after a history of consuming it.

Moody's ups Gold Field's outlook to positive - SNL Financial

Monday, 19 September 2016

Moody's changed the outlook of Gold Fields Ltd. from stable to positive on the back of better-than-expected cost and production at Gold Fields' South Deep gold mine in South Africa.

The rating agency on Sept. 16 also affirmed the company's corporate family rating at Ba1 and probability of default ratings at Ba1-PD.

Moody's also changed the outlook from stable to positive and affirmed the Ba1 rating assigned to the US$1 billion senior unsecured notes due Oct. 7, 2020, issued by Gold Fields Orogen Holdings (BVI) Ltd. and guaranteed by Gold Fields.

According to Moody's, first-half production at South Deep increased 87% year over year and the mine is expected to begin to continue to contribute increasing free cash flow after a history of consuming it.


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