ANGLO AMERICAN SA FINANCE LIMITED - Moody's upgrades Anglo American plc ratings to Baa3 from Ba1 - AA05/AA07/AA06

Moody's upgrades Anglo American plc ratings to Baa3 from Ba1 - AA05/AA07/AA06

Anglo American SA Finance Limited 

Rating Action

AA05, AA06 and AA07

Dated: 5 September 2017

Rating Agency: Moody’s Investors Service, Inc. (‘Moody’s’)


Moody’s upgrades Anglo American plc (‘AA plc’) ratings to Baa3
from Ba1.


In accordance with paragraph 4.26 of the JSE Debt Listings
Requirements, noteholders are advised that Moody’s has upgraded
the senior unsecured ratings of AA plc and its subsidiaries to
Baa3 from Ba1 and withdrawn the Ba1-PD probability of default
rating. Moody’s also upgraded the short term rating to P-3 from
NP. Concurrently, Moody’s upgraded the Company’s national scale
rating (‘NSR’) to Aa1.za from Aa2.za. The outlook on all the
ratings has been changed to stable from positive. AA plc is the
Guarantor under Anglo American SA Finance Ltd’s ZAR20bn DMTN
Programme.

For further information contact:

Debt Sponsor – The Standard Bank of South Africa Limited
Zoya Sisulu
Tel (011)721 6032 Email: zoya.sisulu@standardbank.co.za

Anglo American SA Finance Limited
Pranill Ramchander
Tel (011)638 2592 Email: pranill.ramchander@angloamerican.com

Debt Sponsor: The Standard Bank of South Africa Limited, acting
through its Corporate and Investment Banking division.

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