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Gold Fields outlook revised to stable by S&P - Business Day

Tuesday, 26 April 2016

RATINGS agency Standard & Poor’s (S&P) said on Monday it had revised its outlook on the long-term global scale rating on Gold Fields to stable from negative.

At the same time, the BB+ long-term and B short-term corporate credit ratings and the zaA long-term and zaA-2 short-term national scale ratings for the gold miner were affirmed.

S&P said the outlook revision and ratings affirmation reflected stronger earnings and cash flows, and strongly improved credit metrics for Gold Fields, thanks to debt reduction in 2015 and a strengthening in the local currency gold price.

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