ANGLO AMERICAN SA FINANCE LIMITED - Rating Action - AA04 - AA07

Rating Action - AA04 - AA07

Anglo American SA Finance Limited


AA04      ZAG000093949

AA05      ZAG000093931

AA06      ZAG000114836

AA07      ZAG000114828



Dated: 3 March 2017


Rating Action

Rating Agency: Moody’s Investors Service Ltd (‘Moody’s’)


Moody’s upgrades Anglo American plc (‘AA plc’) ratings to
Ba1/Ba1-PD from Ba2/Ba2-PD.


In accordance with paragraph 4.26 of the JSE Debt Listings
Requirements, noteholders are advised that Moody’s has upgraded
the senior unsecured ratings and probability of default ratings
of AA plc and its subsidiaries to Ba1/Ba1-PD from Ba2/Ba2-PD.
Concurrently, Moody’s upgraded the company’s national scale
rating (‘NSR’) to A1.za/P-1.za from A3.za/P-2.za. 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
Alexi Contogiannis
Tel (011)721 8003 Email: alexi.contogiannis@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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