/KASE, August 14, 2025/ – AK Altynalmas JSC (KASE ticker – ALMS) reported
the following:
quote
Gold mining company Altynalmas received an upgrade of its credit rating from
"B+" to "BB-" from the international rating agency S&P Global Ratings. This
became known on August 1, 2025. The rating outlook is "Stable".
The rating upgrade reflects an update to the company's investment plan aimed at
ensuring a stable level of gold production of at least 400 thousand ounces per
year over the coming years.
Additionally, S&P noted a number of positive changes in the company's financial
policy. In particular, this concerns the improvement of the liquidity profile,
including the expansion of the borrowing base. The financial policy has become
more conservative, and the capital investment plan has been updated. Now it
provides for an increase in the resource base and stable gold production until
2029.
unquote
This information is posted –
https://kase.kz/files/emitters/ALMS/alms_relizs_140825_1.pdf
[2025-08-14]