Fitch Revises Mercedes-Benz South Africa's ZAR18bn DMTN programme to 'AAA(zaf)'

Newswire

(The following statement was released by the rating agency) LONDON/JOHANNESBURG, May 31 (Fitch) Fitch Ratings has revised Mercedes Benz South Africa (Pty) Ltd's (MBSA) ZAR18bn domestic medium-term note (DMTN) programme to National Long-term 'AAA(zaf)'from 'AA+(zaf)', in line with the mapping between the South African National Rating Scale and Local Currency Rating Scale. 'AAA(zaf)' maps to a 'A-' Local Currency Rating on the South National Rating Mappings (refer to www.fitchratings.com ...

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