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Newmont Mining Corp.'s Proposed Senior Unsecured Notes Rated 'BBB+' Mar 12

  • ID: 2083270
  • March 2012
  • Standard & Poors
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NEW YORK (Standard & Poor's) March 5, 2012--Standard & Poor's Ratings Services said today that it has assigned its 'BBB+' issue-level rating to U.S.-based Newmont Mining Corp.'s proposed senior unsecured notes due 2022 and 2042. The company is issuing the notes under its shelf registration for well-known and seasoned issuers filed on Sept. 15, 2009. The notes will be senior unsecured obligations and will rank equally with all of Newmont's existing and future unsecured and unsubordinated debt. We expect the company to use proceeds to repay borrowings under its revolving credit facility and for general corporate purposes. Our 'BBB+' corporate credit rating and stable outlook on Newmont reflect our view of the company's "satisfactory" business risk profile and "modest" financial...

Companies mentioned in this report are: Newmont Mining Corp.
Action: New Rating

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Research type: News
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Newmont Mining Corp.

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