REG-Petra Diamonds Limited: Moody's credit rating withdrawal

Petra DiamondsAnnouncement

19/12/2025 16:30

 

 

 

 



 

 

 

 19 December 2025  LSE: PDL  

 

 

Petra Diamonds Limited

("                     Petra                    ", or the                     
                   "                     Company                    ")

 

Moody's credit ratings withdrawal

 

Petra Diamonds Limited notes the announcement released by Moody's Ratings
confirming the withdrawal of all its credit ratings relating to the Company
and its subsidiary, Petra Diamonds US$ Treasury Plc.

 

The Company confirms that the withdrawal of the ratings followed the
cancellation of the Company's ratings subscription with Moody's and was made
at the Company's request. The withdrawal does not result from any change in
the Company's trading performance, financial position, liquidity, or outlook,
nor from any credit event. The decision to terminate this ratings coverage by
Moody's is in support of the Company's on-going cost optimisation initiatives.

 

The Company remains engaged with S&P Global Ratings ("S&P"), as per the
requirement under the terms of its Second Lien Notes, to have ratings coverage
by at least one of S&P or Moody's. The most recent rating, where the Company
was upgraded following the successful Refinancing, can be found on our
website:
https://www.petradiamonds.com/investors/fixed-income-centre/fixed-income-investors/.

 

 

~ Ends ~

 

 

For further information, please contact:

 

 

Petra Diamonds, London

Julia Stone

Kelsey Traynor

Telephone: +44 (0)7495470187

investorrelations@petradiamonds.com

 

 

About Petra Diamonds Limited

 

Petra Diamonds                     is a leading independent diamond mining
group and a supplier of gem quality rough diamonds to the international
market. The Company's portfolio incorporates interests in two underground
mines in                     South Africa                     (Cullinan Mine
and Finsch).

 

Petra's strategy is to focus on value rather than volume production by
optimising recoveries from its high-quality asset base in order to maximise
their efficiency and profitability. The Group has a significant resource base
which supports the potential for long-life operations.

 

Petra strives to conduct all operations according to the highest ethical
standards and only operates in countries which are members of the Kimberley
Process. The Company aims to generate tangible value for each of its
stakeholders, thereby contributing to the socio-economic development of its
host countries and supporting long-term sustainable operations to the benefit
of its employees, partners and communities.

 

Petra's Ordinary Shares are admitted to the equity shares (commercial
companies) category of the FCA's Official List and are admitted to trading on
the Main Market of the                     London Stock Exchange            
        under the ticker "PDL". The Company's loan notes, due in 2030, are
listed on Euronext Dublin (Irish Stock Exchange). For more information, visit 
                                          www.petradiamonds.com              
                .

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