FIRSTRAND LIMITED - Repositioning of national scale ratings for banks and financial institutions

Repositioning of national scale ratings for banks and financial institutions

FIRSTRAND LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010753/06
JSE Ordinary Share Code: FSR
JSE Ordinary Share ISIN: ZAE000066304
JSE B Preference Share Code: FSRP
JSE B Preference Share ISIN: ZAE000060141
NSX Ordinary Share Code: FST

FIRSTRAND BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Company code: BIFR1
(FRB or the bank)

REPOSITIONING OF NATIONAL SCALE RATINGS FOR BANKS AND FINANCIAL
INSTITUTIONS

Note holders are referred to the announcement issued by Moody’s Investor
Services (Moody’s) on 10 May 2016, in which the agency repositioned the
national scale ratings (NSR) of nine banks and other financial institutions
issuers in South Africa, in conjunction with the recalibration of the South
African NSR. This rating action also concludes the review initiated on the
NSRs of the five largest South African banks on 10 March 2016.

The rating agency repositioned FRB’s national-scale deposit and senior debt
ratings to Aaa.za from A1.za. Note holders are referred to Moody’s press
release for any further information.


Sandton
12 May 2016

Debt sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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