Transnet faces ratings downgrade by S&P
Agency expects state-owned entity’s debt to balloon to R151bn in 2025
03 December 2024 - 11:15
Ratings agency S&P Global has put cash-strapped Transnet on CreditWatch, putting the entity at greater risk of a credit downgrade just months after National Treasury said it would not grant further bailouts to state-owned entities (SOEs), including the freight and rail group...
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