10:00 AM EDT, 06/17/2024 (MT Newswires) -- Fitch Ratings on Friday affirmed Eldorado Gold's ( EGO ) long-term issuer default rating at "B+" with a stable outlook.

Fitch also affirmed Eldorado Gold's ( EGO ) senior unsecured notes at "B+"/"RR4" and the secured revolver at "BB+"/"RR1."

"The ratings reflect Eldorado Gold ( EGO ) limited scale and concentration, average cost position, average operating reserve life greater than 10 years, and execution and regulatory risks in Greece," the rating agency said.

The company's shares fell 2.5% on last look on Monday in Canada.

Price: 19.79, Change: -0.51, Percent Change: -2.51