Sasol’s $2bn Lake Charles deal a positive move, says ratings agency
The US transaction will help remove debt from Sasol and is a welcomed step in the debt-laden company’s strategy
The $2bn sale of a 50% stake in three units of Sasol’s Lake Charles plant in the US is a positive development that will help reduce the SA chemical and energy company’s debt levels, ratings agency S&P Global Ratings said on Friday.
S&P has a BB rating on Sasol with a negative outlook. This remains unchanged...