Moody’s upgrades Sibanye-Stillwater’s credit rating

Credit ratings company Moody’s Investors Service has upgraded JSE- and NYSE-listed precious and battery metals miner Sibanye-Stillwater’s corporate family rating (CFR) from Ba3 to Ba2 with a positive outlook.

Moody’s notes that the rating action reflects the strong financial performance that Sibanye has displayed over the past two years and its record of maintaining capital allocation discipline.