S&P downgrades Newcrest

Ratings agency warns on miner's reduced margins and weaker gold prices.

Ratings agency Standard & Poor's has downgraded its rating on Newcrest Mining (NCM) due to weaker gold prices, reduced margins and lower than expected production.

In a statement, S&P said it lowered Newcrest to BBB- with a stable outlook, from BBB.

S&P credit analyst Brenda Wardlaw said the group's cash flow protection metrics were below expectations for the BBB rating.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles