INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - MOODY'S RATINGS ACTION ON IDC'S FOREIGN CURRENCY RATING

MOODY'S RATINGS ACTION ON IDC'S FOREIGN CURRENCY RATING

INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA (“IDC”)
REGISTRATION NUMBER: 1940/014201/06


14 June 2017


JSE Code:      ISIN:
IDCG02         ZAG000110164
IDCG03         ZAG000110149
IDCG04         ZAG000121682
IDCG05         ZAG000121716
IDCG06         ZAG000121732
IDCG07         ZAG000131350
IDCG08         ZAG000131368
IDCG09         ZAG000141011
IDCG10         ZAG000141029
IDCG11         ZAG000141037
IDCP04         ZAG000100629
IDCP05         ZAG000103896
IDCP06         ZAG000120395



MOODY’S RATINGS ACTION ON IDC FOREIGN CURRENCY CREDIT RATING


In   compliance with paragraph 4.26 Section 4 of the Debt Listing Requirements of the JSE Limited, note holders are       advised    Moody’s
Investor Services(“Moody’s”)has downgraded the Long-term foreign-currency issuer rating of the Industrial Development Corporation of
South Africa (“IDC”) to Baa3 from Baa2 with a negative outlook effective 12 June 2017.




Debt Sponsor: Nedbank Corporate and Investment Bank, a division of Nedbank
Limited

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