Ratings agency Moody’s Investors Services has assigned Barloworld first time long-term and short-term issuer global scale ratings of Baa3 and P-3 and long-term and short-term national scale ratings of Aa3.za and P-1.za on Friday.
The outlook on the ratings was stable.
Moody’s said the rating recognised Barloworld’s leading competitive market positions, supported by strong brand offerings and stable long-term relationships with its principal suppliers, with a diversified product mix and resilient business model.
The validity of Barloworld’s existing ratings by ratings agency Fitch Southern Africa would expire on June 30.