Fitch: Impala outlook negative

Fitch Ratings said it affirmed Impala Platinum Holdings Ltd.'s BBB+ long-term foreign-currency issuer default rating and AA(zaf) national scale rating and revised the outlook to negative from stable.

The agency also affirmed the short-term foreign-currency issuer default rating at F2 and short-term national scale at F1+(zaf).

The negative outlook reflects Impala's significant exposure to the deteriorating global automobile manufacturing industry and the accompanying reduced demand for platinum and palladium for use in emission control components, according to the agency.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.