STEINHOFF SERVICES LIMITED - BISSPL - Rating Downgrade To Steinhoff International Holdings N.V. Long-Term National Scale Rating

BISSPL - Rating Downgrade To Steinhoff International Holdings N.V. Long-Term National Scale Rating

Steinhoff Services Limited
(Incorporated in the Republic of South Africa)
Registration Number 1983/006201/06)
(the Issuer)


RATING DOWNGRADE TO STEINHOFF INTERNATIONAL HOLDINGS N.V. LONG-TERM
NATIONAL SCALE RATING


Holders of the Issuer’s debt securities are advised that Steinhoff
International Holdings N.V. (Steinhoff N.V.), the Guarantor under
the Issuer’s Domestic Medium Term Note Programme had its rating
lowered to “Caa1” from “B1”’, by Moody’s Investor Services, Inc.
(Moody’s).

Moody’s published the full report on the ratings rationale. Please
see www.moodys.com for further information.


29 December 2017

Debt Sponsor
The Standard Bank of South Africa Limited

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