MERCEDES-BENZ SOUTH AFRICA LIMITED - Moody's Investors Service repositions the National Scale Ratings of Mercedes-Benz South Africa Limited

Moody's Investors Service repositions the National Scale Ratings of Mercedes-Benz South Africa Limited

Mercedes-Benz South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1962/000271/06)
Share code: MEC
(“Mercedes-Benz”)


MOODY'S INVESTORS SERVICE REPOSITIONS THE NATIONAL SCALE RATINGS OF
MERCEDES-BENZ SOUTH AFRICA LIMITED


Noteholders are advised that Moody's Investors Service (“Moody’s”)
has, on 12 May 2016, repositioned the National Scale Rating (NSR) of
Mercedes-Benz, in conjunction with the recalibration of the South
African national rating scale and as part of the implementation of
Moody’s updated methodology.

The assigned ratings as a result of the repositioning are as follows:

NSR Senior Unsecured MTN Rating (Local Currency), Repositioned to
(P)Aaa.za from (P)Aa2.za

NSR Other Short Term Rating (Local Currency), Repositioned to (P)P-
1.za from (P)P-1.za

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


20 May 2016

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

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