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OLD MUTUAL LIFE ASSURANCE CO SA LIMITED - Assigned BBB- Global Scale Ratings, outlook Stable

Release Date: 23/05/2017 13:45
Code(s): OML03 OML06 OML05 OML09 OML10 OML07 OML02 OML08 OML04     PDF:  
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Assigned ‘BBB-’ Global Scale Ratings, outlook Stable

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED
Registration number 1999/004643/06


OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED
ASSIGNED ‘BBB-’ GLOBAL SCALE RATINGS BY STANDARD AND POOR’S;
OUTLOOK NEGATIVE

Standard and Poor’s assigned its ‘BBB-’ global scale issuer
credit and insurer financial strength ratings to Old Mutual
Life Assurance Company (South Africa) Limited (OMLACSA). The
‘zaAA-‘ South African national scale rating remains unchanged.
The negative outlook on the long-term global scale rating
reflects that on the long-term sovereign credit ratings on
South Africa. The new ratings are effective from May 19, 2017.

S&P published a full report on the new ratings assigned to
OMLACSA. The report is available online at:
www.standardandpoors.com and www.oldmutualplc.com


Johannesburg
23 May 2017

Debt Sponsor
Nedbank CIB

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