South African National Roads Agency SOC Limited

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South African National Roads Agency SOC Limited
  • South African National Roads Agency SOC Limited
  • Year : Jul 2020
3 Tokens
USD 300.00
Summary

The downgrade to SANRAL’s international scale rating reflects GCR’s view of a weaker domestic fiscal position, with deeply negative economic growth expected in the short term due to COVID-19, and more modest projections over the medium/long term, as well as continued pressure on the local currency

Additional Information

As SANRAL was set up to operate largely independently from government, the company is analysed under the Criteria for Rating Corporate Entities, albeit that the nature of its operations are such that it relies on substantial, ongoing financial support from the Government of South Africa (“GoSA”).

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