Sibanye gets positive boost from ratings agencies

JSE-listed platinum and gold miner Sibanye on Wednesday received a Ba2 rating from Moody’s Investors Service with a stable outlook and a B+ rating with a positive outlook from Standard & Poor’s (S&P’s) Global Ratings. In assigning the Ba2 corporate family rating to Sibanye, Moody’s noted that it reflected Sibanye’s solid business profile underpinned by diversified metal production revenues, as well as the company’s record of setting and sticking to conservative financial policies.