Fitch upgrades Polyus

Fitch Ratings said it upgraded PJSC Polyus' long-term issuer default rating to BB from BB-.

The outlook is stable.

The upgrades reflect an expectation that at year-end 2018, Polyus will achieve positive rating sensitivities, Fitch said.

Polyus is Russia's leading gold producer that benefits from large and increasing output, low production costs and a very high reserve base, the agency said.

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