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CAPITEC BANK HOLDINGS LIMITED - Capitec Bank (The Wholly Owned Subsidiary of Capitec): Issuer Credit Ratings Affirmed And Outlook Revised

Release Date: 27/05/2022 08:50
Code(s): CPI CPIP CBL29 CBL30     PDF:  
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Capitec Bank (The Wholly Owned Subsidiary of Capitec): Issuer Credit Ratings Affirmed And Outlook Revised

Capitec Bank Holdings Limited
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
JSE ordinary share code: CPI ISIN code: ZAE000035861
JSE preference share code: CPIP ISIN code: ZAE000083838
("Capitec")

Capitec Bank Limited
Registration number 1980/003695/06
Incorporated in the Republic of South Africa
Registered bank
Company code: BICAP
Stock Code: CBL29
ISIN Code: ZAG000158874
Stock Code: CBL30
ISIN Code: ZAG000180977
(“Capitec Bank”)

CAPITEC BANK (THE WHOLLY OWNED SUBSIDIARY OF CAPITEC): ISSUER
CREDIT RATINGS AFFIRMED AND OUTLOOK REVISED

On 20 May 2022, S&P Global Ratings (“S&P”) revised their outlook
on the South African sovereign to positive from stable. S&P does
not rate financial institutions in South Africa above the
foreign currency sovereign ratings. Following this sovereign
outlook revision, the outlook for Capitec Bank’s global scale
issuer ratings were changed on 25 May 2022 to positive from
stable.

Capitec Bank’s global scale issuer ratings of ‘BB-/B’ were
affirmed along with the South Africa national scale ratings of
‘zaAA/zaA-1+’.

S&P mentions that Capitec Bank’s funding and liquidity profile
compares well with the sector and forecasts that the risk
adjusted capital ratio will remain strong.

27 May 2022
Stellenbosch

JSE Equity and Debt Sponsor
PSG Capital

Date: 27-05-2022 08:50:00
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