To view the PDF file, sign up for a MySharenet subscription.

CONDUIT CAPITAL LIMITED - Credit Rating Announcement

Release Date: 22/05/2017 17:15
Code(s): CND     PDF:  
Wrap Text
Credit Rating Announcement

CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND ISIN: ZAE000073128
(“Conduit Capital” or “the Company”)


CREDIT RATING ANNOUNCEMENT


Conduit Capital shareholders are advised that Global Credit Rating Co. (“GCR”) has been appointed to provide
a Company Credit Rating.

The board of directors of the Company is pleased to announce that GCR has today accorded Conduit Capital
a first time national scale long term debt rating of BBB (ZA) and a national scale short term debt rating of A3 (ZA).
The ratings have been accorded a Stable outlook. Furthermore, an international scale rating of B+ has been
accorded, with a Negative outlook.

GCR has stated, among other things, that “Driven by an experienced management team and a supportive
shareholder base, Conduit has outlined a clear strategy to expand the group into a broader insurance related
group, complimented by a portfolio of non-insurance investments that can contribute to long term net asset
value enhancement.”

The rating report, as published by GCR, is available online at http://globalratings.net.


Johannesburg
22 May 2017

Sponsor
Merchantec Capital

Date: 22/05/2017 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story