Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

S&P hands AngloGold Ashanti ‘stable’ outlook

  • SOURCE: | qwesa2big
  • south-african-mine-workersStandard & Poor’s (S&P) rating agency has affirmed AngloGold Ashanti’s BB long-term corporate credit rating and revised the outlook to stable from negative.


    S&P cited the reduction in debt and increasing local currency gold prices as reasons for the increase in earnings, cash flows, liquidity, and credit metrics for AngloGold Ashanti Ltd.

    The stable outlook reflects S&P’s expectation that AngloGold Ashanti can maintain core credit metrics at the higher end of their intermediate category.

    S&P further raised the short-term national scale rating to ‘zaA-1’ from ‘zaA-2’ and their long-term national scale rating on the subordinated medium-term note program to ‘zaA-‘ from ‘zaBBB ‘.


    Source: http://classfmonline.com/1.8989108

    Leave a reply

    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar