RatingAug 6, 2026, 06:46 AM
Kinross Gold Credit Rating Upgraded to 'BBB' by S&P
AI Summary
S&P Global Ratings has upgraded Kinross Gold Corporation's long-term issuer credit rating and its issue-level rating on unsecured debt to 'BBB' from 'BBB-', with a stable outlook. S&P noted Kinross's meaningfully improved credit measures, supported by solid cash flow and debt reduction. Kinross's CFO highlighted the company's strong financial position, including a $1.9 billion net cash position and approximately $4.4 billion in total liquidity as of June 30, 2026, and $1.4 billion returned to shareholders since January 2025.
Key Highlights
- S&P Global Ratings upgraded Kinross's long-term issuer credit rating to 'BBB' from 'BBB-'.
- S&P also upgraded the issue-level rating on Kinross's unsecured debt to 'BBB' from 'BBB-'.
- The company reported a net cash position of $1.9 billion as of June 30, 2026.
- Total liquidity was approximately $4.4 billion as of June 30, 2026.
- Kinross has returned $1.4 billion to shareholders since January 2025.
Price Impact
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