ACCELERATE PROPERTY FUND LIMITED - APFE - Notification of a Change to the Credit Rating of the Senior Secured Notes

APFE - Notification of a Change to the Credit Rating of the Senior Secured Notes

Accelerate Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2005/015057/06)
Company code: APFE
LEI Number: 3789008641F1D3D90E85
(Approved as a REIT by the JSE)
(“Accelerate” or the “Issuer”)


NOTIFICATION OF A CHANGE TO THE CREDIT RATING OF THE SENIOR SECURED NOTES

Noteholders are advised that GCR Ratings (“GCR”) has affirmed the Issuer’s national scale long-term
issuer rating at BBB-(ZA) and the Issuer’s national scale short term rating of A3(ZA). Concurrently, the
rating of the senior secured notes is changed to BBB+(ZA)(EL) from A-(ZA)(EL), with the outlook on all ratings
remaining negative.


Fourways
3 March 2023

Debt Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 03-03-2023 09:00:00
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