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
02 October 2020 - 18:53
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...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now