BIDVESTCO LIMITED - Amendments to Bidvest Credit Ratings - BIBID

Amendments to Bidvest Credit Ratings - BIBID

Bidvestco Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1966/011512/06)
Company code: BIBID
(“Bidvestco”)

AMENDMENT TO BIDVEST CREDIT RATINGS

Following Moody's Investors Service (“Moody’s” or “the agency”) rating action on the South
African sovereign on Friday, June 9 2017, the agency yesterday downgraded Bidvest’s credit
rating as it is constrained by the sovereign rating.

Summary of rating actions:
Moody’s lowered the global scale long and short-term counterparty credit ratings on Bidvest to
Baa3/P-3 from Baa2/P-2. The outlook remains negative. Bidvest’s national scale rating has
remained unchanged at Aa1.za/P-1.za

Moody’s press release can be accessed on: www.moodys.com


15 June 2017

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

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