Transnet credit rating upgraded

[newsroom]

Transnet’s credit rating has been upgraded to ‘BBB’, with the upgrade affirming the state utility’s ability to raise funds without a government guarantee. The state owned ports and rail operator’s credit rating was upgraded by two notches from a previous “BB+” to “BBB”* by Fitch Ratings on Wednesday. The utility will be spending R307 billion [...]Transnet credit rating upgraded is a post from: South Africa Business



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