OREANDA-NEWS. January 21, 2015. Polyus Gold International Limited (LSE and MOEX - PGIL, OTC (US) - PLZLY, “PGIL”, “Polyus Gold” or the “Company”), the largest gold producer in Russia, notes Fitch Rating’s announcement which confirmed its ‘BBB-’ Long-term Issuer Default Rating on Polyus Gold. Outlook has been revised from Stable to Negative following the agency's recent downgrade on the Russian sovereign. Short-term Issuer Default Rating has been affirmed at ‘F3‘.

Polyus Gold views the Fitch’s decision as confirmation of the Company’s robust financial position amid challenging current macroeconomic environment in Russia.

The Company remains committed to a rigorous financial discipline and continues to focus on improving its cash flows and implementing operational efficiencies across the business.