REAL PEOPLE INV HOLDINGS LTD - Real People- GCR affirms Real People's International and National scale rating

Real People- GCR affirms Real People's International and National scale rating

Real People Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/020093/06)
Bond Issuer Code: BIRP
(“Real People”)


GCR Affirms REAL PEOPLE’S International and National Scale
Ratings and Accords a Negative Outlook to These Ratings

Real People announces that Global Credit Ratings (“GCR”) has,
on 30 June 2014, affirmed its national scale ratings of
BBB(ZA) and A2(ZA) in the long- and short-term, respectively.
The BB international scale rating assigned to Real People has
also been affirmed by GCR. The outlook accorded to the
international and national scale ratings have been changed to
negative from stable.

According to GCR, Real People’s ratings are constrained by its
asset quality metrics, relatively high funding concentrations
and its exposure to the unsecured lending industry mitigated
in turn by the group’s good risk management practices and
strong business model.

GCR has further indicated that, whilst an upgrade is unlikely
in the near term, the challenging operating environment may
lead to a downgrade should asset quality and profits remain
under pressure resulting in a weakened capital buffer and/or
in the event that the group is unable to raise additional
capital or access sufficient market funding.

GCR’s press release can be found on Real People’s website
(www.realpeoplegroup.co.za).


3 July 2014
Debt Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 03/07/2014 12:40:00 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.