DISCOVERY LIMITED - DSYI - Notification of a Change to the Credit Ratings of the Issuer

DSYI - Notification of a Change to the Credit Ratings of the Issuer

Discovery Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/007789/06)
Legal Entity Identifier: 378900245A26169C8132
Company code: DSYI
(“Discovery” or the “Issuer”)


Notification Of A Change To The Credit Ratings Of The Issuer

Following the downgrade of the South African Government’s issuer rating to Ba1 from Baa3 on 27
March 2020, noteholders are advised that Moody’s Investors Service (“Moody’s”) downgraded the
following ratings assigned to the Issuer on 1 April 2020. Similar to the country outlook, the credit
outlook assigned by Moody’s remains negative.

 Long Term Issuer Rating         From                          To
 Global scale                    Ba1                           Ba2
 National scale                  Aa3.za                        A1.za

24 August 2020

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24-08-2020 04:55:00
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