Synthetic fuel and chemicals group Sasol has had its long- and short-term ratings affirmed at BB by S&P Global with the ratings agency lifting the outlook on the company’s debt to positive, saying it is in a far better position now than it was when the rating was last reviewed in November 2020.

In a report released on Monday evening, S&P said Sasol had improved its fund-to-debt ratio to 36% in its latest financial year from 13% previously...

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