E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/26/2011 in the Prospect News Emerging Markets Daily.

S&P cuts Transnet

Standard & Poor's said it lowered to A- from A the long-term local-currency corporate credit rating on Transnet Ltd. The outlook on this rating is stable.

The agency also said it affirmed Transnet's BBB+ long-term foreign-currency corporate credit rating and revised the outlook on this rating to stable from negative.

S&P said it affirmed its zaAA+/zaA-1 long- and short-term South Africa national scale ratings.

The actions follow a similar action yesterday on the Republic of South Africa, 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.