The world’s largest gold mining company, Toronto-headquartered Barrick Gold, has been downgraded by rating agency Moody’s due to its elevated level of debt.
The world’s largest gold mining company, Toronto-headquartered Barrick Gold, has been downgraded by rating agency Moody’s due to its elevated level of debt. The firm has $13 billion of debt and even though it is selling assets to reduce it, Moody’s says the high level is a risk. Barrick’s credit investment rating to the lowest level although ranks its outlook as “stable”.
