BASIL READ LIMITED - Credit Rating Announcement - BSR17

Credit Rating Announcement - BSR17

Basil Read Limited
(Incorporated in the Republic of South Africa)
Registration Number 1962/002313/06

JSE Code: BSR17
ISIN No: ZAR000127333

("Basil Read" or "the Company")


Credit Rating Announcement

Noteholders are referred to the Global Credit Ratings Co. (GCR)
announcement released on 13 September 2017. GCR has downgraded the national
scale Issuer ratings assigned to Basil Read Holdings Limited from BBB-(ZA)
to BB-(ZA) in the long term, and from A3(ZA) to B(ZA) in the short term;
with the outlook accorded as Negative.


Johannesburg
14 September 2017

Debt Sponsor
Nedbank CIB

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