Todays RNS27 Nov 2017 13:32
About those new bonds and improved credit rating. here's the gist
"Petropavlovsk PLC ("Petropavlovsk" or the "Company" or, together with its subsidiaries, the "Group") is pleased to highlight that on 23rd November 2017, S&P Global Ratings raised its long-term corporate credit rating on Petropavlovsk to 'B' from 'B-'. S&P Global Ratings also raised its issue rating on Petropavlovsk's recently issued US$500 million senior unsecured eurobond to 'B' from 'B-'. Both ratings have been removed from CreditWatch, where they were placed with positive implications on 24th October 2017. The outlook is stable"
Now I'm that good with any of this and the part where it says
" S&P Global Ratings raised its long-term corporate credit rating on Petropavlovsk to 'B' from 'B-'" Well in my simple world 'B' is far better than 'B-' so maybe someone can explain. But right at the end we get
"The outlook is stable"
Is this something to do with Joseph and Mary and Christmas nativity . I await being enlightened