Gold Fields (GFI) is downgraded to BB+ - a junk rating - by S&P amidst the ongoing strike...

|About: Gold Fields Limited (GFI)|By:, SA News Editor

Gold Fields (GFI) is downgraded to BB+ - a junk rating - by S&P amidst the ongoing strike sharply cutting the company's production. In other news, John Paulson's hedge fund cuts its stake in the company to 6.5M shares from 18M previously. Shares -2.5% premarket.