The original article can be found here.
Article highlights:
- S&P Global Ratings has given Transnet a further three months to address its tight liquidity and acute refinancing risks through multiple debt-raising initiatives.
- The ratings agency placed Transnet’s foreign currency, local currency and stand-alone credit profile ratings on credit watch with a negative outlook in November 2021.
- Since the beginning of this calendar year, Transnet has managed to raise R2.5bn under its domestic medium-term note programme.
