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GRINDROD BANK LIMITED - Credit rating announcement - GBL02

Release Date: 04/05/2016 08:26
Code(s): GBL02     PDF:  
Wrap Text
Credit rating announcement - GBL02

GRINDROD BANK LIMITED
(Registration number 1994/007994/06)

CREDIT RATING ANNOUNCEMENT

Stock code:              GBL02
ISIN code:               ZAG000130352

Grindrod Bank Limited would like to advise all its Note-holders that it has
terminated its engagement with Moodys Investors Service and has appointed
Global Credit Rating Co(GCR),an approved ECAI, to provide a company Credit
Rating.

GCR has published the full rating report on Grindrod Bank, which report is
available online at: http://www.globalratings.net.

GCR has assigned Grindrod Bank an initial South African national scale of
BBB+(ZA) long term, and A2(ZA)short term, with an outlook accorded as
Stable.

Date: 04th May 2016 (date of announcement)
Debt Sponsor: Nedbank CIB, a division of Nedbank Limited




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