ST BARBARA LIMITED The Company notes the announcement on 29 March 2016 by Standard & Poor's that it has raised its rating from 'B-' to 'B' on the Company and its senior secured debt, with a stable outlook.
Standard & Poor's announcement noted that 'The Company's improving operating performance has strongly boosted its free cash flows, enabling it to repay A$159 million of debt in the nine months to February 2016.'
St Barbara confirms that there is no change to its existing debt arrangements as a consequence of Standard & Poor's announcement.
Investor Relations Media Relations | Mr Rowan Cole Company Secretary Ms Nerida Mossop Hinton & Associates | +61 3 8660 1900 +61 3 9600 1979 |
St Barbara Limited ACN 009 165 066 | Level 10, 432 St Kilda Road, Melbourne VIC 3004 Locked Bag 9, Collins Street East, Melbourne VIC 8003 | T +61 3 8660 1900 F +61 3 8660 1999 W www.stbarbara.com.au |
St. Barbara Limited issued this content on 29 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 March 2016 03:50:05 UTC
Original Document: http://www.stbarbara.com.au/uploads/tx_rlsortthis/2016.03.29_S_and_P_rating_raised_to__B__with_stable_outlook.pdf
