Moody’s restates Barrick’s Baa3 rating and revises outlook to stable

Credit ratings agency Moody’s Investors Service has confirmed the Baa3 ratings of the world’s largest gold producer by volume Barrick Gold and revised the ratings outlook to stable from negative. "The outlook revision to stable reflects Barrick's reducing leverage and management's commitment to further reduce debt," stated Moody's VP and senior analyst Jamie Koutsoukis on Friday.