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TRUSTCO GROUP HOLDINGS LIMITED - Global redit Rating update

Release Date: 15/07/2013 12:23
Code(s): TTO     PDF:  
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Global redit Rating update

TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
NSX Share Code: TUC
JSE Share Code: TTO
ISIN Number: NA000A0RF067
("Trustco" or "the Group")

Trustco Group Holdings Limited retains investment grade rating

Trustco is pleased to announce that Global Credit Rating Co. ("GCR")
(http://globalratings.net) has affirmed the long term national scale
rating and affirmed the short term national scale issuer ratings
assigned to Trustco of BBB-(NA) and A3(NA) respectively; with the
outlook accorded as Stable.

Shareholders are further advised that according to GCR, the ratings
underpin the Group’s growing franchise in micro-finance and
insurance across the main Southern African markets, as well as a
sound capitalisation and loan/credit policy.

Furthermore, being a dual listed entity, Trustco conforms to a high
level of corporate governance in line with the King Report on
Corporate Governance.

The current ratings, and stable outlook, have been maintained from
the first initial GCR review conducted in 2012.

The full report is available on the Trustco website: www.tgi.na


By order of the board
DJ Steyn
Company Secretary
15 July 2013

JSE Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)

NSX Sponsor
IJG (Pty) Limited

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