April 26 Standard & Poor's Ratings Services said
on Friday it cut Barrick Gold Corp's long-term
corporate credit rating to BBB from BBB-plus.
"The downgrade follows several recent company announcements
including Barrick's intention to issue long-term debt securities
in the near future and a Chilean court preliminary injunction
that has stopped major construction activities on the Chilean
side of its Pascua-Lama project," the rating agency said in a
S&P also said it believes "that sufficient debt reduction to
improve our credit ratio expectations on the company at the
BBB-plus rating has become increasingly remote."