S&P Credit Rating Announcement - Transnet SOC Limited
TRANSNET SOC Limited
Issuer Code: BITRA
(“TRANSNET”)
S&P Credit Rating Announcement
On 25 November 2020, S&P Global Ratings (S&P) affirmed its “BB-” long-term foreign and local
currency issue ratings on Transnet’s senior unsecured debt and “BB” on local currency issue rating
on Transnet’s South African rand (ZAR) 3.5 billion government guaranteed debt.
S&P also affirmed its “zaAA” long term and “zaA-1+” short term South Africa national scale ratings
on Transnet. The outlook remains stable.
For a detailed analysis of the rating, please refer to the following link:
https://www.transnet.net/InvestorRelations/SENS%20Announcements/RatingsDirect_ResearchUpd
ateTransnetSOCLtdBBRatingsAffirmedOutlookStable_46626943_Nov-25-2020.PDF
27 November 2020
Debt Sponsor
The Standard Bank Limited
Date: 27-11-2020 04:15:00
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