Fitch Affirms Goldcorp's And Kinross Gold's IDRs; Outlooks Stable

(RTTNews) - Fitch Ratings said Wednesday that it has affirmed Goldcorp Inc.'s (G.TO, GG) Issuer Default Rating and ratings on the unsecured revolving credit and unsecured notes at 'BBB'.

The Rating Outlook is Stable.

Fitch said Goldcorp's credit rating reflects its sizable long-lived reserves in areas of relatively low geopolitical risk, favorable cost position and strong project pipeline, as well as plans for substantial development spending over the medium term.

Separately, Fitch said it has affirmed Kinross Gold Corp.'s (KGC, K.TO) Issuer Default Rating and senior unsecured debt at 'BBB-'.

The Rating Outlook is Stable.

Fitch said Kinross' ratings reflect its sizable reserves, average cost position, average geopolitical risk position, and the potential for substantial development spending over the medium term, together with Kinross' commitment to maintain a conservative capital structure given its exposure to gold prices.