Research Update: Newmont Mining Corp. Outlook Revised To Negative From Stable On Lower Gold Prices; Ratings Affirmed - S&P Credit Research

Research Update: Newmont Mining Corp. Outlook Revised To Negative From Stable On Lower Gold Prices; Ratings Affirmed

1882 words — Published Apr 23, 2013
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Abstract:

Gold prices fell sharply to below $1,400 an ounce on April 16, 2013, from about $1,575 an ounce seven days prior. We revised our outlook on U.S.-based Newmont Mining Corp. to reflect the potential for leverage to exceed our previous expectations if the lower gold price is sustained. We affirmed our ratings on Newmont, including the 'BBB+' corporate credit rating. The negative outlook reflects the potential for a downgrade if we take the view that gold prices will stay around lower levels or drop further. On April 23, 2013, Standard&Poor's Ratings Services revised its outlook on Newmont Mining Corp. to negative from stable. At the same time, we affirmed our ratings on the company, including the 'BBB+' corporate

  
Brief Excerpt:

RESEARCH Ratings Definitions PDF Research Update: Newmont Mining Corp. Outlook Revised To Negative From Stable On Lower Gold Prices; Ratings Affirmed Publication date: 23-Apr-2013 Primary Credit Analyst: James E Fielding, New York...

  
Report Type:

Research Update

Ticker
Issuer
GICS
Gold (15104030)
Sector
Global Issuers
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MLA:
S&P Credit Research. "Research Update: Newmont Mining Corp. Outlook Revised To Negative From Stable On Lower Gold Prices; Ratings Affirmed" Apr 23, 2013. Alacra Store. Apr 19, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Newmont-Mining-Corp-Outlook-Revised-To-Negative-From-Stable-On-Lower-Gold-Prices-Ratings-Affirmed-1120755>
  
APA:
S&P Credit Research. (). Research Update: Newmont Mining Corp. Outlook Revised To Negative From Stable On Lower Gold Prices; Ratings Affirmed Apr 23, 2013. New York, NY: Alacra Store. Retrieved Apr 19, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Newmont-Mining-Corp-Outlook-Revised-To-Negative-From-Stable-On-Lower-Gold-Prices-Ratings-Affirmed-1120755>
  
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