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Moody's downgrades CIG's ratings to Caa1/B2.za, outlook stable

Moody's Investors Service, ("Moody's") has today downgraded Consolidated Infrastructure Group Limited's (CIG or Group) long term corporate family rating (CFR) to Caa1 from Ba3, the long term national scale CFR to B2.za from Baa1.za and the short term national scale issuer rating to NP....
Underlying
Consolidated Infrastructure Group

Consolidated Infrastructure Group is an infrastructure-focused company. Co. is engaged in providing turnkey solutions for high voltage substations and overhead lines as well as renewable energy; providing energy yield optimising operation and maintenance services to owners of power asset; providing protection and automation services to reduce the occurrence and duration of power outages; supplies building materials; and providing specialized waste management services to oil and gas companies.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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