OLD MUTUAL LIFE ASSURANCE CO SA LIMITED - South African National Credit Ratings Announcement

South African National Credit Ratings Announcement

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED
Registration number 1999/004643/06
JSE alpha code: OLDM

SOUTH AFRICAN NATIONAL CREDIT RATINGS ANNOUNCEMENT

Old Mutual Life Assurance Company (South Africa) Limited’s (“OMLACSA”) national scale rating was
upgraded to ‘zaAAA’ from ‘zaAA+’. Its issuer credit rating on the subordinated deferrable debt was
upgraded to ‘zaAA-’ from ‘zaA’. The rating action concludes the revision of Standard & Poor’s criteria
on national scale ratings and subsequent recalibration of their mapping table for South Africa.

At the same time, the under criteria observation (“UCO”) identifier on OMLACSA’S ratings was
removed.

The full Standard and Poor’s report is available online at: www.standardandpoors.com and
www.oldmutual.com.


Johannesburg
04 July 2018

Debt Sponsor
Nedbank CIB

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