topstockalerts
Sep 22, 8:48 PM
Moody’s Ratings affirmed AngloGold Ashanti’s Baa3 long-term issuer rating on Tuesday and raised its outlook from Stable to Positive. The agency also affirmed Baa3 ratings on about
$1.1 billion of senior unsecured notes maturing in 2028, 2030 and 2040.
Moody’s cited AngloGold’s position as one of the world’s largest gold producers, geographic and asset diversification, strong credit metrics, low debt, robust liquidity and balance sheet, conservative financial policy, and balanced approach to investment and shareholder distributions. The company is also seeking to reduce exposure to higher-risk jurisdictions through greater geographic diversification, including early-stage greenfield projects in Nevada and Colombia.
As of June 30, 2026, Moody’s-adjusted gross debt/EBITDA fell to 0.2x from 0.4x at year-end 2025, while the company remained in a net cash position. Retained cash flow/debt improved to 157% from 124%.
$AU
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