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ANGLOGOLD ASHANTI LIMITED - Credit Rating Action - AngloGold Ashanti

Release Date: 07/04/2014 11:20
Code(s): ANG07 ANG08 ANG06 ANG010     PDF:  
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Credit Rating Action - AngloGold Ashanti

AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1944/017354/06)
(“Anglo”)

ANGLOGOLD ASHANTI RATING ACTION BY STANDARD & POOR’S RATING
AGENCY (“S&P”)

(JOHANNESBURG) AngloGold Ashanti confirms that Standard &
Poor’s Rating Agency (S&P) has affirmed AngloGold Ashanti’s
BB+ long-term corporate credit rating, placed it on negative
outlook, and also removed the company from CreditWatch
Negative.

The decision to affirm the credit rating was taken because of
actions by AngloGold Ashanti’s management to partially offset
the effects of a lower gold price by cutting costs and curbing
capital expenditure, in addition to benefits the company has
realised from favourable foreign exchange movements.

S&P also lowered AngloGold Ashanti’s national scale long term
rating from zaA to zaA.

The updated S&P report is available on Standard & Poor’s Web
site: www.standardandpoors.com or on request from the company
at investors@anglogoldashanti.com


07 April 2014

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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