Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/S&P upgrades Kinross Gold's credit rating to BBB with stable outlook, citing strong cash flow and debt reduction.
KGC
$26.11
+$0.49 +1.91%

S&P upgrades Kinross Gold's credit rating to BBB with stable outlook, citing strong cash flow and debt reduction.

Market News
06 Aug 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

S&P Global Ratings has upgraded Kinross Gold Corporation's long-term issuer credit rating and unsecured debt rating from BBB- to BBB, with a stable outlook. The upgrade reflects Kinross' improved credit metrics, supported by solid cash flow, significant debt reduction, and a strong net cash position of $1.9 billion as of June 30, 2026. Kinross also maintains a competitive cost profile and a promising project pipeline, positioning it well for steady production and earnings growth. The company has returned $1.4 billion to shareholders since January 2025 and continues to focus on operational goals and financial discipline.

More News (KGC)

Leveraged gold and silver ETFs jump over 9% as metals rally on softer dollar and easing inflation fears.

Leveraged gold and silver ETFs jump over 9% as metals rally on softer dollar and easing inflation fears.

Leveraged precious metals ETFs surged sharply, with the Direxion Daily Gold Miners Bull 2X Shares (NUGT) up 14.46% and ProShares Ultra Silver (AGQ) rising 9.39%, driven by gold and silver prices climbing 4-5%. The rally is attributed to a weaker US d...

Market News
Bullish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App