OREANDA-NEWS. December 15, 2015. Fitch Ratings has revised Airports Company South Africa's (ACSA) National Long-term rating and domestic medium term note programme rating to 'AA(zaf)' from 'AA-(zaf)' following a recalibration of the South African National scale. The revision does not reflect any change in Fitch's assessment of ACSA's issuer-specific credit considerations. The ratings continue to be on Rating Watch Negative (RWN).

The rating revisions are a result of Fitch's recalibration of the relationship between national and international scale ratings in South Africa. The recalibration follows from the downgrade of South Africa's Long-term local currency Issuer Default Rating (IDR) to 'BBB; from 'BBB+' and Long-term foreign currency IDR to 'BBB-' from 'BBB (see 'Fitch Downgrades South Africa to 'BBB-'; Outlook Stable' dated 4 December 2015 at www.fitchratings.com).

SUMMARY OF CREDIT
Airports Company South Africa Limited is the state-owned group that owns and operates the South African national airport system.