Kinross Gold Secures Moody’s Baa2 Upgrade After $700M Debt Reduction
The firm repaid the full $500 million of its 4.50% Senior Notes before their 2027 deadline. This move leaves only $750 million in Senior Notes outstanding, with the next repayment due in 2033.
With its latest debt repayments, Kinross Gold Corporation has reduced financial risk and secured a stronger credit rating. The company now holds a net cash reserve of $500 million, while its next major debt obligation is not due until 2033.
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