INVESTORS AND MEDIA Media releases
Johannesburg, 3 May 2022: Gold Fields is pleased to announce that S&P Global Ratings has upgraded Gold Fields' credit rating from 'BBB-' from 'BB+' as well as the debt ratings on the Group's senior unsecured notes. S&P also raised the short-term rating on the Group to 'A-3' from 'B' and affirmed its 'zaAAA/zaA-1+' South African national scale ratings.
"This upgrade puts Gold Fields on an investment grade credit rating at both S&P and Moody's Investor Services and highlights the work we have done in recent years to strengthen the balance sheet," says Paul Schmidt, Gold Fields Chief Financial Officer.
Notes to editors
About Gold Fields
Gold Fields Limited is a globally diversified gold producer with nine operating mines in Australia, Ghana (including our Asanko Joint Venture), Peru and South Africa, and one project in Chile, with total attributable annual gold-equivalent production of 2.34Moz. It has attributable gold-equivalent Mineral Reserves of 48.60Moz and gold Mineral Resources of 111.80Moz (including Mineral Reserves). Gold Fields has a primary listing on the Johannesburg Stock Exchange (JSE) Limited, and an additional listing on the New York Stock Exchange (NYSE).