Fitch Ratings has upgraded NMMC’s standalone credit profile to ‘bb+’ and assigned a final ‘BB-’ rating to the company’s debut USD 1 billion notes offering, due in 2028 and 2031. This rating aligns with NMMC’s Issuer Default Rating (IDR) of ‘BB-’, maintaining a Stable Outlook.
The upgraded credit profile reflects NMMC’s diversified funding sources and an improved financial structure, indicating a stronger financial position. The proceeds from the $1 billion offering will be used to support capital projectsand debt refinancing, fueling sustained growth for the company.
As part of its strategic plan, this milestone allows NMMC, the world’s fourth-largest gold producer, to continue funding capital expenditure initiatives and manage its debt, further solidifying its path toward international expansion.
