Moody's rates Sasol Financing notes Baa1

Moody's Investors Service said it assigned a provisional Baa1 senior unsecured rating to the proposed issue of unsecured and unsubordinated notes by Sasol Financing International plc, a wholly owned subsidiary of Sasol Ltd.

The outlook is stable.

The provisional Baa1 rating of the proposed notes assumes that the final transaction documents will not be materially different from draft legal documentation reviewed by Moody's to date and that these agreements are legally valid, binding and enforceable, the agency said.

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