CONSOLIDATED INFRASTRUCTURE GROUP LIMITED - Consolidated Infrastructure Group Limited

Release Date: 14/02/2018 16:59
Wrap Text
Consolidated Infrastructure Group Limited

Consolidated Infrastructure Group Limited
(Incorporated in the Republic of South Africa)
(Registration Number 2007/004935/06)

Alpha Code: CIG

Credit rating announcement

Moody's   Investors    Service,   ("Moody's")    has   downgraded
Consolidated Infrastructure Group Limited's (CIG or Group) long
term corporate family rating (CFR) to Caa1 from Ba3, the long
term national scale CFR to from and the short term
national scale issuer rating to from Additionally,
the short term issuer rating has been affirmed at NP. The outlook
has been changed to stable from rating under review.

This concludes Moody’s review of ratings that were announced on
24 November 2017.

The downgrade does not result in the CIG’s existing bank funding
lines automatically being reduced or withdrawn and does not create
an obligation on CIG to early redeem the notes issued under its
DMTN programme.

Date:          14 February 2018

Sponsor:       Investec Bank Limited

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