SOL: Sasol Limited: Update on Sasol's Credit Rating
Sasol Ltd. American Depositary Shares (SSL)
US:NYSE Investor Relations:
sasol.com/investor-centre/overview
Company Research
Source: PR Newswire
JOHANNESBURG, March 6, 2020 /PRNewswire/ -- Sasol notes that the credit rating agencies, S&P Global Ratings (S&P) and Moody's have completed their periodic review of Sasol following the release of the company's interim financial results for 2020. S&P has affirmed Sasol's BBB-/A-3 credit rating whilst Moody's has downgraded Sasol's credit rating to Ba1/NP. The ratings action by Moody's reflects Sasol's elevated leverage in the context of volatile market conditions. As stated in Sasol's recent financial results, protecting the balance sheet remains an important priority during the peak gearing phase. In this regard, several proactive actions have already been taken which include a measured financial risk management programme to hedge oil and ethane commodity price and exchange rate exposures, managing costs, increasing working capital efficiency and agreeing additional flexibility on covenants with the lending group. These initiatives continue to benefit the balance sheet with further a
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News
- SASOL LIMITED: PRODUCTION AND SALES METRICS FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2024 [Yahoo! Finance]Yahoo! Finance
- SASOL LIMITED: PRODUCTION AND SALES METRICS FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2024PR Newswire
- Sasol's Gas Supply and Volatile Oil Raise Sustainability Risks [Financial Post (Toronto, Ontario, Canada)]Financial Post
- NOTICE OF THE ANNUAL GENERAL MEETING OF SASOL LIMITEDPR Newswire
- Institutional owners may consider drastic measures as Sasol Limited's (JSE:SOL) recent R6.3b drop adds to long-term losses [Yahoo! Finance]Yahoo! Finance
SSL
Sec Filings
- 11/18/24 - Form 6-K
- 11/12/24 - Form 6-K
- 10/23/24 - Form 6-K
- SSL's page on the SEC website