CAPITEC BANK HOLDINGS LIMITED - S&P Global Ratings Raises Capitec Banks National Scale Ratings

Release Date: 03/07/2018 08:25
 
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S&P Global Ratings Raises Capitec Bank’s National Scale Ratings

Capitec Bank Holdings Limited
Incorporated in the Republic of South Africa
Registration number 1999/025903/06
Registered bank controlling company
Ordinary Share Code: CPI ISIN Number: ZAE000035861
Preference Share Code: CPIP ISIN Number: ZAE000083838
("Capitec")

Capitec Bank Limited
Incorporated in the Republic of South Africa
Registration No. 1980/003695/06
Company code: BICAP
Stock Code: CBL12
ISIN Code: ZAG000089038
Stock Code: CBL13
ISIN Code: ZAG000092560
Stock Code: CBL14
ISIN Code: ZAG000092552
Stock Code: CBL17
ISIN Code: ZAG000099359
Stock Code: CBL18
ISIN Code: ZAG000099367
Stock Code: CBL20
ISIN Code: ZAG000102245
Stock Code: CBL22
ISIN Code: ZAG000105305
Stock Code: CBL24
ISIN Code: ZAG000130881
Stock Code: CBL25
ISIN Code: ZAG000136110
Stock Code: CBL26
ISIN Code: ZAG000136128
Stock Code: CBL27
ISIN Code: ZAG000143884
Stock Code: CBL28
ISIN Code: ZAG000151333
(“Capitec Bank”)

S&P GLOBAL RATINGS (“S&P”) RAISES CAPITEC BANK’S NATIONAL
SCALE RATINGS

S&P has raised the national scale long-term credit ratings of
Capitec Bank, the wholly owned subsidiary of Capitec, to
‘zaAA’ from ‘zaAA-’. This change was effected by S&P after
“the revision of its criteria on national scale ratings and
subsequent recalibration of the mapping table for South
Africa”.

All other ratings remained unchanged. The global scale long-
term rating remains ‘BB’ with a stable outlook. The global
scale short-term rating remains ‘B’ whilst the national scale
ratings remains ‘zaA-1+’.

Stellenbosch
3 July 2018
Sponsor: PSG Capital

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