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FORTRESS REIT LIMITED - Moody's confirms issuer ratings of Fortress

Release Date: 29/03/2018 16:15
Wrap Text
Moody's confirms issuer ratings of Fortress

FORTRESS REIT LIMITED
(previously Fortress Income Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2009/016487/06)
JSE share codes: FFA  ISIN: ZAE000248498
                 FFB  ISIN: ZAE000248506
Company code:    FORI
(Approved as a REIT by the JSE)
(“Fortress”)


MOODY’S CONFIRMS ISSUER RATINGS OF FORTRESS


On 27 March 2018, Moody's Investors Service (“Moody’s”) confirmed Fortress’ long-term issuer rating of
Baa3/Aa1.za and changed the outlook from “rating under review” to “stable”. This follows the confirmation 
of the South African government’s issuer rating at Baa3 with a stable outlook.

The following ratings are applicable to Fortress:

-      Long-Term Issuer Rating, confirmed at Baa3
-      Short-Term Issuer Rating, confirmed at P-3

29 March 2018


Debt sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)


Sponsor
Java Capital

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