| 【文章摘要】 Standard & Poor's Ratings Services (S&P) has lowered its long-term South Africa national scale rating on heavy building materials producer PPC Ltd to 'zaA' from 'zaA+'. At the same time, it affirmed the 'zaA-2' short-term South Africa national scale rating on PPC. S&P said it expects PPC's net financial debt to increase materially over the near-term due to its increased capital expenditure on expansion projects in the sub-Saharan region. The company's strategy is to grow its sub-Saharan activity to account for more than 40 per cent of total revenue. |