BARLOWORLD LIMITED - BIBAW - Ratings Update

BIBAW - Ratings Update

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Bond issuer code: BIBAW)
(“Barloworld” or “the group”)

RATINGS UPDATE

Moody’s Investor Services (“Moody’s”) has affirmed Barloworld Limited’s (“Barloworld”) long-term and
short-term issuer Global Scale Ratings of Baa3 and P-3, raised long-term National Scale Ratings to
Aa1.za from Aa3.za and affirmed short-term National Scale ratings of P-1.za. The outlook on the ratings of
Barloworld changed from stable to negative following the change of outlook on the Baa3 sovereign rating
of South Africa.

Moody’s reported that this rating recognises Barloworld’s leading competitive market positions, supported
by strong brand offerings and stable long term relationships with its principal suppliers, together with a
diversified product mix and resilient business model. The ratings also consider Barloworld’s good liquidity
position resulting from its favourable debt maturity profile.

The full Moody’s rating report on Barloworld will be available online at www.Barloworld.com.

Johannesburg
14 June 2017

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

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