Moody’s downgrades Sanral’s outlook to negative

2015-01-20 16:09

Rating agency Moody’s has changed Sanral’s outlook from stable to negative, due to debt and decreased e-toll revenue.

“This caused e-toll revenue collections to drop by 38% from July to November 2014, which in turn led Sanral to revise downward its expected e-toll revenue for the fiscal year 2014/15 to R907 million, against R1.4 billion previously,” said Moody’s.

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