RPT-Fitch Assigns Nord Gold N.V.'s 2018 Notes 'BB-' Final Rating
May 8 (Reuters) - (The following statement was released by the rating agency)
Fitch Ratings has assigned Nord Gold N.V's (Nord Gold) USD500m issue of 6.375% notes due May 2018 a final senior unsecured 'BB-' rating.
The rating action follows a review of the final documentation materially conforming to the draft documentation reviewed when Fitch assigned an expected 'BB-(EXP)' rating on 23 April 2013.
A full list of ratings is at the end of this release.
Nord Gold is a medium-sized gold producer with mining operations in Russia, Guinea, Burkina Faso and Kazakhstan. The company was spun-off from OAO Severstal (BB/Stable) in 2012.
KEY RATING DRIVERS
Guaranteed Notes Continued...