S&P confirmed the rating of “Poles” on the level “BB-“

S&P Global Ratings January 19, 2018, confirmed long-term credit Issuer rating and the ratings of the securities of PJSC “Polyus” on the level “BB-” and brought them from CreditWatch Positive (“ratings on review with positive expectations”), where they were placed June 8, 2017, the Outlook is positive.

The Agency has also assigned a rating of “BB-” new planned senior unsecured Eurobonds will be placed by the company Polyus Finance PLC under the guarantee of PJSC “Polyus” and its key operating subsidiaries of JSC “Polyus Krasnoyarsk”.

“The rating confirmation of PJSC “Polyus” and “positive” forecast of its changes reflect improvement in operating performance and financial results of the company and reducing the risks associated with the financial policy, after a secondary public offering (SPO) in August 2017 and the adoption of a formal dividend policy (dividend payout at 30% EBITDA, if the ratio “net debt / EBITDA” below 2.5 x, or at the level established by the Board of Directors, if the indicator of debt load is higher),” – said the Agency.

S&P confirmed the rating of “Poles” on the level “BB-” 22.01.2018

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