AIRPORTS COMPANY SOUTH AFRICA SOC LIMITED - ACSA-Moody's Credit Rating Action

ACSA-Moody's Credit Rating Action

Airports Company South Africa SOC Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/004149/30)
(“ACSA”) or (“the Company”)


ACSA RATING REVIEW BY MOODY’S INVESTOR SERVICES

In accordance with paragraph 4.24 of the JSE Debt Listings Requirements,
noteholders are hereby advised that on 4 November 2019, Moody’s Investors
Service changed Airports Company South Africa’s outlook to negative from
stable. Moody's also affirmed the Baa3 global scale long-term issuer
ratings and the Aa1.za national scale long-term issuer rating of ACSA.
This follows the change in outlook to negative from stable on the Baa3
ratings of the Government of South Africa on 1 November 2019.

Further details on the rating action can be viewed on the
following link:

https://www.moodys.com/research/Moodys-changes-ACSAs-outlook-to-
negative-affirms-ratings--PR_412552

Johannesburg
05 November 2019

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 05/11/2019 03:41:00
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