• Inside Labour

    Away with empty rhetoric and slogans - labour needs to focus on real issues, says Terry Bell.

  • Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

Loading...
See More

AngloGold retains investment rating

Dec 10 2012 16:38 Fin24

Company Data

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 0
Change 4,39
% Change 0
Cumulative volume 881338
Market cap 54.54bn

Last Updated: 30-01-2015 at 04:40. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

S&P sounds warning on AngloGold

AngloGold back at full steam

AngloGold reviews mines as strikes bite

AngloGold profits slump 49% on strikes

AngloGold miners return to work

CEO: Anglo operations will pick up

 

Johannesburg - AngloGold Ashanti [JSE:ANG] has announced that its investment grade rating on publicly traded debt has been affirmed by Standard & Poor’s. The rating was completed following a comprehensive review.

"We've taken strong, decisive action to maintain our investment grade rating and preserve our financial stability and flexibility," said Mark Cutifani, AngloGold’s Chief Executive Officer (CEO).

“At the same time our strategy to improve the quality and diversity of our portfolio remains firmly on track," said Cutifani.

The confirmation of the BBB- (with negative outlook) comes two months after South Africa’s sovereign debt rating and several of the country’s corporates was downgraded by the agency.

The decision is seen to acknowledge AngloGold Ashanti’s large production base and its new projects that are currently in final stages of development.

"Maintaining a strong and stable financial foundation has always been key to ensuring we have cost-effective access to capital over the long-term," said Srinivasan Venkatakrishnan, AngloGold Ashanti's Chief Financial Officer (CFO).

Venkatakrishnan led the group through the rating review.

"Despite the raft of macro headwinds we've faced during the recent months, we've shown that we have the strategy, portfolio and the team to make good on our commitments," said Venkatakrishnan.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

NEXT ON FIN24X

 

Latest Articles

Fun and inexpensive things to do with the kids Read More...
8 simple ways to earn extra money Read More...
6 motivational tips to help you save this year Read More...
Invest for Income Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...