Sharenet Sites 
Sharenet Sites
BIBAW - Fitch Ratings has revised the National Rating of Barloworld Limited to ‘AA-(zaf)’ following a recalibration
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Bond issuer code: BIBAW)
(“Barloworld” or “the Company”)
Fitch Ratings has revised the National Rating of Barloworld Limited to ‘AA-(zaf)’ following a
recalibration of the South African National scale
Notice is hereby given that Fitch Ratings-London/Johannesburg has on 16 January 2013 revised
the National Ratings of 14 South African issuers following a recalibration of the South African
National scale. These rating revisions only reflect the recalibration of the South Africa National
Scale and no change in Fitch's assessment of fundamental issuer specific credit considerations.
The rating revisions follow the downgrade of South Africa's Long-term local currency Issuer
Default Rating (IDR) to 'BBB+' from 'A'; Outlook Stable and Long-term foreign currency IDR
downgraded to 'BBB' from 'BBB+'; Outlook Stable.
Barloworld Ltd‘s Long-term National Rating and senior unsecured rating has accordingly been
revised to 'AA-(zaf)'/Stable from ‘A+ (zaf)/Stable.
Johannesburg
22 January 2013
Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 22/01/2013 12:10:00 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.
