TELKOM SA SOC LIMITED - Telkom SA SOC Limiteds Affirmed Credit Rating By S&P Global Ratings

Telkom SA SOC Limited’s Affirmed Credit Rating By S&P Global Ratings

Telkom SA SOC Limited
(Incorporated in the Republic of South Africa)
(Registration number 1991/005476/30)
(“Telkom” or “the Company”)
Issuer Code: BITEL


TELKOM SA SOC LIMITED’S AFFIRMED CREDIT RATING BY S&P GLOBAL RATINGS


In accordance with paragraph 7.42 of the JSE Debt Listings
Requirements, noteholders are hereby advised of the Company’s
foreign and local currency long-term issuer credit ratings (global
scale) which has been affirmed at ‘BB+’ as at 7 August 2018, outlook
stable.

This rating affirmation follows S&P’s recently affirmed credit
rating action on South Africa’s long-term foreign and local currency
ratings of ‘BB’ and ‘BB+’ with a stable outlook.

S&P has advised that this rating affirmation reflects Telkom’s
stand-alone creditworthiness, supported by solid business and
financial risk profiles and adequate liquidity. The rating is
limited to one notch above the sovereign rating.

Details pertaining to the credit rating action may be found on the
agency’s website: WWW.STANDARDANDPOORS.COM/RATINGSDIRECT


Centurion
8 August 2018

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 08/08/2018 09:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.