SOL: Sasol Limited: Update on Sasol's Credit Rating
Sasol Ltd. American Depositary Shares (SSL)
US:NYSE Investor Relations:
sasol.com/investor-centre/overview
Company Research
Source: PR Newswire
JOHANNESBURG, March 6, 2020 /PRNewswire/ -- Sasol notes that the credit rating agencies, S&P Global Ratings (S&P) and Moody's have completed their periodic review of Sasol following the release of the company's interim financial results for 2020. S&P has affirmed Sasol's BBB-/A-3 credit rating whilst Moody's has downgraded Sasol's credit rating to Ba1/NP. The ratings action by Moody's reflects Sasol's elevated leverage in the context of volatile market conditions. As stated in Sasol's recent financial results, protecting the balance sheet remains an important priority during the peak gearing phase. In this regard, several proactive actions have already been taken which include a measured financial risk management programme to hedge oil and ethane commodity price and exchange rate exposures, managing costs, increasing working capital efficiency and agreeing additional flexibility on covenants with the lending group. These initiatives continue to benefit the balance sheet with further a
Show less
Read more
Impact Snapshot
Event Time:
SSL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SSL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SSL alerts
High impacting Sasol Ltd. American Depositary Shares news events
Weekly update
A roundup of the hottest topics
SSL
News
- SASOL LIMITED: RESIGNATION OF CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR [Yahoo! Finance]Yahoo! Finance
- SASOL LIMITED: RESIGNATION OF CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTORPR Newswire
- Individual investors who have a significant stake must be disappointed along with institutions after Sasol Limited's (JSE:SOL) market cap dropped by R20b [Yahoo! Finance]Yahoo! Finance
- Sasol Slumps After Flagging Disruptions at S. African Sites [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Zuma's Party Wants to Nationalize Land, Mines in South Africa [Financial Post (Toronto, Ontario, Canada)]Financial Post
SSL
Sec Filings
- 5/2/24 - Form 6-K
- 4/23/24 - Form 6-K
- 4/8/24 - Form 6-K
- SSL's page on the SEC website