TRANSNET RATING DOWN
Posted on 27 July 2009 by Railways Africa Editor
International Rating Agency Moody’s has dropped Transnet’s senior unsecured long-term and short-term ratings to A3/Prime 2 from A2/Prime 1. On 16 July, it lowered the sovereign local currency rating for South Africa to A3 from A2, which triggered Transnet’s subordinate debt rating from A3 to Baa1
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Tags | Transnet
