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FORTRESS INCOME FUND LIMITED - Moodys repositions Fortress national scale ratings and assigns global scale ratings with a stable outlook

Release Date: 13/05/2016 15:35
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Moody’s repositions Fortress’ national scale ratings and assigns global scale ratings with a stable outlook

Fortress Income Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
Company code: FORT
(Approved as a REIT by the JSE)
(“Fortress”)


Moody’s repositions Fortress’ national scale ratings to
Aa3.za/P-1.za and assigns Baa3/P-3 global scale ratings with a
stable outlook

National scale ratings
Moody’s Investors Service has recalibrated South Africa’s
national rating scale mapping table and repositioned the
national scale ratings of non-financial corporates. Following
this, Moody’s has on 11 May 2016 repositioned Fortress’
national scale ratings to Aa3.za/P-1.za from A3.za/P-2.za.

Global scale ratings
Moody’s furthermore assigned global scale local currency
ratings of Baa3/P-3 to Fortress with a stable outlook.


Noteholders are referred to the press releases by Moody’s for
any additional information.


13 May 2016

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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