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TELKOM SA SOC LIMITED - Moodys Recalibrates South Africas National Rating Scale and Repositions National Scale Ratings of Non-Financial Co

Release Date: 12/05/2016 15:05
Code(s): TL20     PDF:  
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Moody’s Recalibrates South Africa’s National Rating Scale and Repositions National Scale Ratings of Non-Financial Co

Telkom SA SOC Limited
Registration number 1991/005476/30)
JSE Bond code: TL20
ISIN: ZAG000021528
(“Telkom” or “the Company”)


Moody’s Recalibrates South Africa’s National Rating Scale        and
Repositions National Scale Ratings of Non-Financial Corporates

Noteholders are advised of Moody’s Investor Services (“Moody’s”)
recent decision to recalibrate the National Scale Rating (“NSR’s”)
of 17 South African non-Financial corporates in conjunction with the
recalibration of the South African national rating scale.         In
addition to the above, Moody’s has also assigned global scale
ratings (GSR’s) to these issuers for the first time.

As a consequence to this methodology adjustment, Telkom’s NSR Issuer
Rating (local currency) has been repositioned to Aa2.za from A2.za.
(Telkom’s new NSR (Aa2.za) is one notch higher on the rating scale
than the previous NSR (A2.za.)
The principal methodology used in rating Telkom was Global
Telecommunications Industry published in December 2010 and the last
rating action taken was on 1 October 2012.


The detailed press release regarding this is available for viewing
on the Moody’s website:

https://www.moodys.com/research/Moodys-recalibrates-South-Africas-
national-rating-scale-and-repositions-national--PR_348432


Centurion
12 May 2016
Debt Sponsor
The Standard Bank of South Africa Limited

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