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SPG - Super Group Limited - Fitch Credit Rating

Release Date: 18/11/2011 14:33
Code(s): SPG
Wrap Text

SPG - Super Group Limited - Fitch Credit Rating Super Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1943/016107/06) ISIN: ZAE000011334 Share code: SPG ("Super Group") Fitch Credit Rating Shareholders are advised that Fitch Ratings has upgraded Super Group`s National Long-term rating and National Senior unsecured ratings to `Investment Grade: Good Credit Quality` (BBB-(zaf)) from `Speculative` (BB+(zaf)). At the same time, Super Group`s National Short-term rating was upgraded to `Fair` (F3(zaf)) from `Speculative`(B(zaf)). The Outlook on the Long- term rating is Stable. Super Group is pleased that the upgrade of its ratings reflects significant deleveraging by the group at end-June 2011 as a result of strong shareholder and lender support, evidenced by the stable cash flows within Super Group`s continuing operations, notably the full maintenance lease and supply chain management businesses. Fitch`s rating definitions and the terms of use of such ratings are available on the agency`s public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site. 18 November 2011 Sandton, South Africa. Sponsor: Deutsche Securities (SA)(Pty)Limited Date: 18/11/2011 14:33:01 Supplied by www.sharenet.co.za 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.

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