Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (10 lettori)

bia06

Listen other's viewpoint avoid conflicts & wars.
Molto male

IAMGOLD
RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Moody's placed IAMGOLD's ratings under review for downgrade to reflect the likelihood of a meaningful deterioration in financial leverage and liquidity in the next 12-24 months as the company completes the Côté Gold project. IAMGOLD is now indicating that the project will require between $1.2 to $1.3 billion of capital spending through 2023 to complete. This is about an over 70% increase compared to previous guidance of between $710 million and $760 million. In addition the project target completion date has been moved to approximately the end of 2023, representing a four to five month delay. The company has indicated that it will provide a detailed update on the Côté Gold project before the end of the second quarter 2022 (June 30). With the increased cost and delay the of the project, IAMGOLD will require additional liquidity and capital resources.
 

Users who are viewing this thread

Alto