CAPITEC BANK HOLDINGS LIMITED - Capitec Bank Limited credit ratings and outlook unchanged

Capitec Bank Limited credit ratings and outlook unchanged

CAPITEC BANK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/025903/06)
(JSE share code : CPI       ISIN : ZAE000035861)
(ISIN :   ZAE000083838)
(“Capitec”)


CAPITEC BANK LIMITED CREDIT RATINGS AND OUTLOOK UNCHANGED

On 4 July 2013, Moody’s Investors Service affirmed the credit
ratings and outlook for these ratings of Capitec Bank Limited,
the wholly-owned banking subsidiary of Capitec. Both the
international ratings of Baa3/P-3 and the national ratings of
A2.za/P-1.za remain unchanged and the outlook for all ratings
remains stable.

In their ratings report, Moody’s mention that the stable outlook
reflects their view that the bank has a strong loss absorption
capacity   and   a   comprehensive   provisioning  policy  which
counterbalances   challenging   operating  conditions  in  South
Africa’s unsecured lending market.

Stellenbosch
5 July 2013

Sponsor
PSG Capital (Pty) Limited

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