Curro Credit Rating Affirmed – Outlook Positive
CURRO HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/025801/06)
Share code: COH
(“Curro” or “the Company”)
CURRO CREDIT RATING AFFIRMED – OUTLOOK POSITIVE
Shareholders are advised that the rating agency Global Credit Rating Company (“GCR”) has
affirmed the national scale issuer long term rating assigned to Curro of BBB(ZA) but changed
the outlook from stable to positive. GCR also upgraded the short term rating to A2(ZA), with a
The above is the result of favourable enrolment trends being supportive of a rapid increase in
revenues and earnings margins over the review period, as well as additional factors
considered by GCR. In addition, Curro’s liquidity position has strengthened, supported by the
robust upward progression in cash flows over the review period and strong banking
relationships, whilst there are no near-term refinancing requirements.
4 June 2018
Date: 04/06/2018 04:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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