S&P rates Polyus Gold notes BB+

Standard & Poor's said it assigned its preliminary BB+ long-term corporate credit rating to Polyus Gold International Ltd.

The outlook is positive.

At the same time, S&P assigned its preliminary BB+ issue rating to Polyus' proposed senior unsecured notes. The preliminary recovery rating on the notes is 3.

The ratings on Polyus reflect S&P's assessment of the company's "fair" business risk profile and "significant" financial risk profile, as its criteria define these terms, the agency said.

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