REAL PEOPLE INV HOLDINGS LIMITED - Global Credit Ratings Downgrades the National Scale Ratings of Real People Investment Holdings Limited - BIRP

Global Credit Ratings Downgrades the National Scale Ratings of Real People Investment Holdings Limited - BIRP

Real People Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/020093/06)
Bond Issuer Code: BIRP
(“Real People”)

GLOBAL CREDIT RATINGS DOWNGRADES THE NATIONAL SCALE RATINGS OF REAL
PEOPLE INVESTMENT HOLDINGS LIMITED

Noteholders are advised that Global Credit Ratings (“GCR”) has, on 09
March 2017, downgraded the national scale ratings of Real People to
CCC.(za)and C.(za) from BB.(za)and B.(za) in the long term and short
term respectively and amended the ratings outlook from stable to
negative.

According to GCR the downgrade is a result of materially weaker
profitability, a declining capital adequacy ratio and heightened
liquidity and funding risks.

Noteholders are referred to the credit announcement released by GCR
for any additional information also available on the company’s
website   at   http://www.realpeoplegroup.co.za/index.php?nav=credit-
rating-reports .

09 March 2017

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

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