State persuaded S&P to shelve Transnet downgrade, Godongwana says
Ratings agency instead placed state-owned company on credit watch after ‘interventions’, MPs told
05 December 2024 - 20:39
The government was able to persuade S&P Global to change its mind on downgrading Transnet after talks with the ratings agency, finance minister Enoch Godongwana told MPs on Thursday.
Earlier this week S&P placed the ports and rail operator on CreditWatch (https://www.businesslive.co.za/bd/national/2024-12-03-transnet-faces-ratings-downgrade-by-sp/), putting the state-owned company at greater risk of a downgrade. ..
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