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Research Update: Building Materials Producer PPC Assigned 'zaA+' Long-Term And 'zaA-2' Short-Term South Africa National Scale Ratings Feb 13 Product Image

Research Update: Building Materials Producer PPC Assigned 'zaA+' Long-Term And 'zaA-2' Short-Term South Africa National Scale Ratings Feb 13

  • Published: February 2013
  • Region: Africa, South Africa
  • Standard & Poors

Abstract
We assess South Africa-based building materials manufacturer PPC Ltd. as having a "fair" business risk profile and an "intermediate" financial risk profile. We are assigning our 'zaA+' long-term and 'zaA-2' short-term South Africa national scale ratings to PPC. The ratings incorporate our assessment of PPC's "adequate" liquidity, and our anticipation of substantial increases in capital expenditure. On Feb. 18, 2013, Standard & Poor's Rating Services assigned its 'zaA+' long-term and 'zaA-2' short-term South Africa national scale credit ratings to South Africa-based heavy building materials producer PPC Ltd. The ratings on PPC reflect our assessment of the group's "fair" business risk profile, and "intermediate" financial risk profile, as our criteria define these terms. Our assessment of PPC's "fair" business risk profile...

Companies mentioned in this report are:
- PPC Ltd.

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

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