Moody's takes action on eight South African corporates following sovereign downgrade and outlook change
Rating Action: Moody's takes action on eight South African corporates following sovereign downgrade and outlook change. Global Credit Research- 13 Jun 2017. Johannesburg, June 13, 2017-- Moody's Investors Service has taken rating actions on eight South African corporates.Consolidated Infrastructure Group is an infrastructure-focused company. Co. is engaged in providing turnkey solutions for high voltage substations and overhead lines as well as renewable energy; providing energy yield optimising operation and maintenance services to owners of power asset; providing protection and automation services to reduce the occurrence and duration of power outages; supplies building materials; and providing specialized waste management services to oil and gas companies.
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Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
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