INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - CONFIRMATION OF RATING BY MOODY'S INVESTOR SERVICES

CONFIRMATION OF RATING BY MOODY'S INVESTOR SERVICES

INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA (“IDC”)


REGISTRATION NUMBER: 1940/014201/06


29 March 2018


JSE Code:      ISIN:
IDCC01         ZAG000148784
IDCG02         ZAG000110164
IDCG03         ZAG000110149
IDCG05         ZAG000121716
IDCG06         ZAG000121732
IDCG07         ZAG000131350
IDCG08         ZAG000131368
IDCG09         ZAG000141011
IDCG10         ZAG000141029
IDCG11         ZAG000141037
IDCP06         ZAG000120395
IDCP07         ZAG000148800



MOODY’S RATINGS ACTION


In   compliance with paragraph 4.26 Section 4 of the Debt Listing
Requirements of the JSE Limited, noteholders are advised Moody’s
Investor Services (“Moody’s”) has confirmed the long-term foreign-
currency issuer rating of the Industrial Development Corporation of
South Africa (“IDC”) to Baa3 with a stable outlook effective 28 March
2018.




Debt Sponsor: Nedbank Corporate and Investment Bank, a division of Nedbank
Limited

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