Omnia Receives A Boost Through A Ratings Endorsement By Ratings Firm Ca-Ratings
OMNIA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/003680/06)
JSE Code: OMN
ISIN : ZAE000005153
9 October 2006
OMNIA RECEIVES A BOOST THROUGH A RATINGS ENDORSEMENT BY RATINGS FIRM CA-RATINGS
CA-Ratings announced today, that it has assigned two credit ratings to Omnia
Holdings Limited. The ratings are on the national scale for South Africa, and
are zaBBB+ long term and zaA2 short-term, with a stable outlook for the three-
year time horizon.
CA Ratings views the long term credit strength of Omnia Holdings to be two
notches above what is termed "South African investment grade" and the category
is described as being of "adequate strength". The level is at the highest point
in this category, and is one notch below the next long-term debt ratings
category, termed "strong".
The ratings outlook is "stable" and is viewed capable of resilience at this
level, for a period of three years.
The short-term credit strength is in the category termed "strong".
Commenting on the new ratings, Omnia CEO, Rod Humphris said:
"We are delighted with the rating. Not only does this endorse Omnia"s strength
in its core operations and the efficiency of our business model but also gives
recognition to a strong management team. As a diversified and highly specialist
chemical services provider, Omnia is exposed to different business drivers and
levels of risk across each division. This rating confirms that each business and
its risks are effectively managed to enhance profitability, generate cash and
create value for all stakeholders."
CA-Ratings noted that compared to other JSE listed companies, Omnia is viewed to
occupy a position significantly above the average.
For more information contact: Omnia (011) 709 8850
Rod Humphris, MD
Delwin Eggers, FD
Issued by Brunswick: (011) 268 5750
Taryn Proksch 083 273 1301
Lindsay Haines 082 941 1001
Date: 09/10/2006 10:00:05 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department