BARLOWORLD LIMITED - Credit Ratings Update - BIBAW

Credit Ratings Update - BIBAW

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Bond issuer code: BIBAW)
(“Barloworld” or “the group”)

RATINGS UPDATE

On 28 May 2019 Moody’s Investor Services (“Moody’s”) affirmed Barloworld Limited’s (“Barloworld”) long-
term Global Scale Ratings of Baa3, and long-term National Scale Ratings of Aa1.za with a stable outlook.

Moody’s reported that this rating recognises Barloworld’s leading competitive market positions, supported by
strong brand offerings and stable long term relationships with its principal suppliers, together with a
diversified product mix and resilient business model. The rating also considers Barloworld’s credit metrics
which have historically been relatively stable and are supported by the company's ongoing commitment to
balanced financial policies and a good liquidity position.

The full Moody’s rating report on Barloworld will be available online at www.Barloworld.com.

Further details are available on Moody’s website or press release.

30 May 2019


Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 30/05/2019 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.