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UMGENI WATER - Credit Rating Announcement

Release Date: 13/12/2017 09:18
Code(s): UG26 UG21     PDF:  
Wrap Text
Credit Rating Announcement

UMGENI WATER

(Established in the Republic of South Africa under Proclamation
No 114 of 1974 (Government Gazette no 4300 of 14 June 1974)and in
terms of section 108(2) of the Water Act,1956 and now deemed to
be established in term of the Water Services Act, 1997 read
together with the Public finance Management Act, 1999)

Company code: BIUMWA

Stock Codes:
UG21:     ZAG000075698
UG26:     ZAG000133760

Credit Rating Announcement

Noteholders are referred to the S&P ratings announcement released
on 29 November 2017 relating to Umgeni Water’s credit rating.
S&P lowered Umgeni Water’s rating to ‘zaAA+’ after similar action
on the Sovereign on 24 November 2017. The rating agency affirmed
its short term rating at ‘za A-1+’.

A copy of the rating report can be obtained on request.
Noteholders can contact Kajal Singh Kajal.singh@umgeni.co.za for
a copy of the report.

Johannesburg
13 December 2017

Debt Sponsor
Nedbank CIB

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