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EQSTRA HOLDINGS LIMITED - Standard & Poors ratings services affirmed Eqstra's South African national scale rating to zaBBB+/zaA-2

Release Date: 21/04/2015 15:33
Code(s): EQS EQS02 EQS07 EQS05 EQS09 EQS04 EQS08A EQS06     PDF:  
Wrap Text
Standard & Poor’s ratings services affirmed Eqstra's South African national scale rating to zaBBB+/zaA-2

Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1998/011672/06
Eqstra Corporation Limited
Registration number: 1984/007045/06
ISIN: ZAE000117123
JSE share code: EQS, EQS02, EQS04, EQS05, EQS06, EQS07, EQS08A, EQS09
("Eqstra")

STANDARD & POOR’S RATINGS SERVICES AFFIRMED EQSTRA`S SOUTH AFRICAN
NATIONAL SCALE RATING TO zaBBB+/zaA-2

On 20 April 2015, Standard & Poor’s Ratings Services (S&P’s) re-affirmed
the long-term South Africa national scale rating of Eqstra as zaBBB+.

S&P said the rationale for the rating was as follows:

  -   "Eqstra Holdings Ltd.'s financial performance continues to be
      resilient despite operating in a challenging domestic economic
      environment.
  -   We are therefore affirming our 'zaBBB+/zaA-2' long- and short-term
      South Africa national scale ratings on Eqstra.
  -   We think that Eqstra's good business diversification and market
      position, plus its prudently managed capital expenditure and cost
      growth, will support earnings resilience and build capital and
      liquidity buffers over the next 12 months."

S&P’s full report is available on http://www.eqstra.co.za/rating.aspx


Kempton Park
21 April 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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