Fitch upgrades Perenti to BB+

Fitch Ratings said it upgraded Perenti Global Ltd.’s long-term issuer default rating to BB+ from BB.

The outlook is stable.

“The upgrade reflects Fitch's expectation that the company will derive more than 60% of its revenue and work-in-hand (WIH) from stable mining jurisdictions, while maintaining a financial profile that is in line with its BB+ rating,” Fitch said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.