CAPITAL MARKETS

AngloGold downgraded

STANDARD & Poor’s Rating Services has lowered its long-term corporate credit rating for South Africa’s AngloGold Ashanti due to the declining gold price.

Kristie Batten
AngloGold downgraded

The rating was dropped to BB+ from BBB-, while its South Africa rating was lowered to zaA/zaA-2 from zaAA-/zaA1 with a stable outlook. The issue rating on AngloGold’s senior unsecured notes was lowered...

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