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Fitch upgrades Polyus to BB

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Gold - Geopolitical tensions and inflation remain key drivers

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Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

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Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

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Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes


Fitch upgrades Polyus to BB

Fitch Ratings upgraded Russian gold producer PJSC Polyus's long-term issuer default rating to BB with stable outlook from BB- with positive outlook.

The ratings agency cited Polyus's strong operational performance, reduction in debt levels and improved cash generation ability as the reason for the upgrade.

S&P Global Ratings upgraded the gold miner to BB, from BB-, with stable outlook in November.