LONDON (S&P Global Ratings) Nov. 27, 2019--S&P Global Ratings said today that the deterioration of the South African economy might pressure the country's mining industry, the source of 30% of Anglo American PLC's underlying EBITDA. However, at this stage, our assessment of Anglo American's country risk, and therefore our 'BBB' long-term issuer credit rating on Anglo American, are unaffected by the economic deterioration. We recently revised our outlook on South Africa to negative from stable, while affirming the 'BB' long-term foreign currency sovereign credit rating. The outlook revision was driven by fiscal deterioration, rather than a specific increase in country risk. While the current rating on South Africa does not cap our rating on Anglo American, if we took another
