Fitch assigns Implats BBB+

Fitch Ratings said it assigned Impala Platinum Holdings Ltd. (Implats) ratings of long-term issuer default BBB+, short-term issuer default rating F2, national long-term AA(zaf) and national short-term F1+(zaf) while a stable outlook has been assigned.

The agency noted that the ratings reflect Implats's conservative financial profile, its ability to generate strong cash flows and its position as one of the leading international platinum producers.

They also reflect the continuing growth of its main customer base and the increasing use of PGM's in emission control systems, the agency added.

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