Fitch affirms AngloGold Ashanti

Fitch Ratings said it affirmed AngloGold Ashanti Ltd.'s national long-term rating at AA-(zaf) and short-term rating at F1+(zaf).

The outlook is stable.

The ratings reflect the company's scale as South Africa's largest gold producer and the third largest globally, Fitch said, as well its good geographic diversification with operations in Africa, Australia and the Americas.

The ratings also reflect the company's historically conservative financial profile with average leverage of about 1x over the past three years, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.