ST BARBARA LIMITED The Company notes the announcement on 4 January 2017 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 upgrade reflects the improvement in St Barbara's balance sheet due to continued debt reduction, which the company funded through its strong cash flow generation. Once the company completes its debt repayment in January 2017, it will have only US$20 million of US notes outstanding on issue and its net cash position would exceed A$40 million.'
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 Mr Tim Duncan 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 published this content on 04 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 January 2017 06:02:08 UTC.
Original documenthttp://www.stbarbara.com.au/uploads/tx_rlsortthis/2017.01.04_S_and_P_rating_raised_to__B___with_stable_outlook.pdf
Public permalinkhttp://www.publicnow.com/view/87F9E4BB3A41DE2FE6ABF3F3E126A2E10119280E
