Fitch affirms Kumba

Fitch Ratings said it affirmed Kumba Resources Ltd.'s long-term national rating of A(zaf) and its short-term of F1(zaf). The outlook remains positive.

Fitch said the affirmation of the ratings reflects Kumba's demonstrated ability to maintain strong financial metrics as of the first half of the year. This is underpinned by the favorable pricing environment for commodities, while managing changes in domestic regulatory environment, raising production costs due to the strong rand and addressing integration issues as part a global diversified mining company.

The positive outlook reflects Fitch's expectations that Kumba's credit profile has improved since its consolidation within the Anglo American plc group and the company's ability to benefit from rising demand for iron ore, which is its core operation.

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