In 2013, the credit rating agencies Moody’s and Fitch have both assigned first time credit ratings to Nordgold.

Moody’s Fitch
Credit rating Ba3/Stable BB-/ Stable
Date of rating 19 March 2015 18 April 2013

In its analysis of Nordgold, Moody’s notes the company’s diversified operational and geographic profile, long-life reserve base, conservative financial policy as well as strong corporate governance practices. The stable outlook on the rating assumes that Nordgold will follow its strategy of organic growth and continue to generate significant operating cash flows.

In its release Fitch notes that Nordgold has a well-diversified portfolio of assets with the Bissa mine expecting to further enhance the company’s operational diversification. Furthermore, the rating takes into consideration such factors as change of focus to organic growth, strong liquidity position and good representation of independent directors.

CONTACTS

Olga Ulyeva


Head of Media Relations
tel.+7 495 644 44 73 #707 6632

ROMAN MEZHUEV

RECRUITMENT MANAGER
tel.+7 495 644 44 73

OLEG BAZALEEV

HEAD OF SUSTAINABLE DEVELOPMENT PROJECTS
tel.+7 495 644 4473 #707 6746