LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - BILETS-Moody's Rating Confirmation

BILETS-Moody's Rating Confirmation

The Land and Agricultural Development Bank of South Africa
(JSE Code: BILB)
(“the Land Bank”)


Ratings Action: Moody’s confirms Baa3 issuer ratings of Land Bank; Stable outlook

Moody’s Investors Service (“Moody’s”) confirmed the Baa3 long-term local and foreign currency issuer
ratings of the Land Bank on 12 September 2018. The Land Bank's local and foreign currency short-
term issuer ratings were also confirmed at Prime-3. The outlook on the long-term global scale issuer
ratings remains stable. At the same time, the rating agency confirmed the Aa1.za long-term national-
scale issuer rating (NSR) of Land Bank, and Land Bank’s P-1.za short-term NSR was affirmed.

The rating action concludes Moody’s review of the Land Bank following Bank’s launch of its FY2018
Annual Results during August 2018

14 September 2018

Enquiries
Land and Agricultural Development Bank of South Africa
Bennie van Rooy, Chief Financial Officer
Rebecca Phalatse – Tel: 012 686 0921

Debt Sponsor
The Standard Bank of South Africa Limited

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