INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - GCR Ratings Action

GCR Ratings Action

INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA (“IDC”)


REGISTRATION NUMBER: 1940/014201/06


28 July 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



GCR RATINGS ACTION


In compliance with paragraph 4.26 of Section 4 of the Debt Listing
Requirements of the JSE Limited, note holders are advised Global Credit
Rating Co (“GCR”) has accorded the Industrial Development Corporation
of South Africa (“IDC”) a national scale Issuer rating of AA+(za) and
A1(za) in the long term and short term, with a stable outlook.




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

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