S&P upgrades rating outlook on Russian Petropavlovsk to positive
International rating agency S&P Global Ratings (S&P) has revised its rating outlook on Russian gold producer Petropavlovsk to positive from negative, Prime reported. Also, the company’s long-term ratings were affirmed at B-.
The upward revision was explained with Petropavlovsk progress over the past 12 months in a number of key areas. The company is also seen to have a potential to reduce leverage meaningfully from 2020, Prime added.Original source: Prime