S&POutlook on Gold Companies Revised Due to Drop in Prices - S&P Global Ratings’ Credit Research

S&POutlook on Gold Companies Revised Due to Drop in Prices

S&POutlook on Gold Companies Revised Due to Drop in Prices - S&P Global Ratings’ Credit Research
S&POutlook on Gold Companies Revised Due to Drop in Prices
Published Jul 10, 1997
Published Jul 10, 1997
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Abstract:

NY -- Standard&Poor's CreditWire 7/10/97 -- Reflecting the recent weakness in gold prices, coupled with the possibility of a sustained period of weaker prices, Standard&Poor's has revised its outlook on various companies as follows: New Former CCR* Outlook Outlook Newmont Gold Co. BBB+ Negative Stable Newmont Mining Corp. BBB+ Negative Stable Homestake Mining Co. BBB Negative Stable Placer Dome Inc. BBB Stable Positive Battle Mountain Gold Co. BB Negative Positive Echo Bay Mines Ltd. BB Negative Stable Coeur D'Alene Mines Corp. B+ Negative Positive *CCR--Corporate credit rating. Gold prices have been temporarily affected by recent central bank actions, falling to the current price of $318 per ounce, which is near a 12-year low. Yet, Standard&

  
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "S&POutlook on Gold Companies Revised Due to Drop in Prices" Jul 10, 1997. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-POutlook-on-Gold-Companies-Revised-Due-to-Drop-in-Prices-80243>
  
APA:
S&P Global Ratings’ Credit Research. (). S&POutlook on Gold Companies Revised Due to Drop in Prices Jul 10, 1997. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-POutlook-on-Gold-Companies-Revised-Due-to-Drop-in-Prices-80243>
  
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