REDEFINE PROPERTIES LIMITED - Change in credit rating by Moodys Investors Service

Change in credit rating by Moody’s Investors Service

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
Debt company code: BIRDF
(Approved as a REIT by the JSE)
(“Redefine” or “the Company”)


CHANGE IN CREDIT RATING BY MOODY’S INVESTORS SERVICE


Security holders are advised that as a direct consequence of South Africa’s sovereign rating
downgrade to Ba2 from Ba1 (negative outlook) on Friday, 20 November 2020, Moody’s Investors
Service (“Moody’s”) has downgraded Redefine’s Ba1 corporate family rating (CFR) to Ba2 and has
affirmed the Not Prime (NP) short-term rating. Moody's has also withdrawn the long-term national
scale issuer rating of Aa2.za and has assigned a long-term national scale corporate family rating of
Aa2.za. Moody’s has affirmed the short-term national scale rating of Prime-1.za. The outlook
remains negative.

The detailed Moody’s rating action announcement can be found on the Company’s website at:
https://www.redefine.co.za/investors/investor-information/credit-ratings.


27 November 2020


Sponsor
Java Capital

Date: 27-11-2020 03:15:00
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.