AngloGold Ashanti Assigned 'zaA/zaA-1' South Africa National Scale Ratings; 'BBB-' CCR Affirmed; Outlook Stable
- Language: English
- Published: May 2011
- Region: Africa, South Africa
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. LONDON (Standard & Poor's) Feb. 18, 2013--Standard & Poor's Rating Services said today that it 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...
Companies mentioned in this report are:
- PPC Ltd.
Action: New Rating
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Research type: News
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