Moody’s Confirms Transnet’s Ba3 Rating; Outlook Negative
Transnet issued a SENS note following Moody’s confirmation stating that: Noteholders are advised that on 25 January 2024, Moody’s announced its rating decision on Transnet’s credit ratings following its decision, on 10 November 2023, to place Transnet credit ratings on review for a downgrade. Accordingly, Moody’s has affirmed Transnet’s corporate family rating (CFR) of ‘Ba3’…