To view the PDF file, sign up for a MySharenet subscription.

PSG KONSULT LIMITED - PSG Konsult Credit Rating and Outlook Unchanged

Release Date: 24/06/2015 16:20
Code(s): KST     PDF:  
Wrap Text
PSG Konsult Credit Rating and Outlook Unchanged

PSG Konsult Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
ISIN Code: ZAE000191417
(“PSG Konsult”)

PSG KONSULT CREDIT RATING AND OUTLOOK UNCHANGED

Shareholders are advised that the rating agency Global Credit
Rating Company (“GCR”), having upgraded PSG Konsult’s long-term
rating in August 2014, affirmed the national scale ratings assigned
to PSG Konsult of BBB+(ZA) and A2(ZA) in the long term and short
term respectively, with the outlook for both ratings remaining
stable.

GCR states, “PSG Konsult’s position is enhanced by its well defined
strategy, within the complimentary business lines of wealth
management, asset management and insurance. PSG Konsult has
developed robust risk management procedures to monitor the various
risks facing the business, including regulatory compliance and
counterparty risk. In addition, cash flows are monitored daily to
ensure PSG Konsult can meet all its statutory capital and liquidity
requirements across the various businesses.”


Tyger Valley
24 June 2015
JSE sponsor: PSG Capital Proprietary Limited
NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited,
member of the Namibian Stock Exchange

Date: 24/06/2015 04:20:00 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.

Share This Story