Business
Moody's credit rating withdrawal
Petra Diamonds Limited has announced the withdrawal of all its credit ratings from Moody's Ratings, a decision made at the company's request to support cost optimisation initiatives. This withdrawal is not due to any negative changes in the company's trading performance, financial position, liquidity, or outlook. Petra Diamonds will continue to maintain ratings coverage with S&P Global Ratings, as required by its Second Lien Notes. Disclaimer*
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 19 December 2025\n \n \n \n \n \n \n \n \n \n LSE: PDL\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Petra Diamonds Limited\n \n \n \n (\"\n \n Petra\n \n \", or the\n \n \n \n \"\n \n Company\n \n \")\n \n \n \n \n \n \n \n \n Moody's credit ratings withdrawal\n \n \n \n \n \n \n \n \n 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.\n \n \n \n \n \n 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.\n \n \n \n \n \n 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/.\n \n \n \n \n \n \n \n \n \n ~ Ends ~\n \n \n \n \n \n \n \n \n \n \n For further information, please contact: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Petra Diamonds, London\n \n \n \n Julia Stone \n \n \n Kelsey Traynor\n \n \n Telephone: +44 (0)7495470187\n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n About Petra Diamonds Limited\n \n \n \n \n \n \n Petra Diamonds\n \n 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\n \n South Africa\n \n (Cullinan Mine and Finsch).\n \n \n \n \n \n Petra's strategy is to fo...