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HOSPITALITY PROPERTY FUND LIMITED - Affirmation of HPF's long-term national scale issuer rating and revised short-term national scale rating

Release Date: 13/09/2019 12:00
Code(s): HPB HPF11 HPF12 HPF06     PDF:  
 
Wrap Text
Affirmation of HPF's long-term national scale issuer rating and revised short-term national scale rating

HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
JSE share code: HPB  ISIN: ZAE000214656
Bond company code:   HPAI
(Approved as a REIT by the JSE)
("HPF" or "the company")


AFFIRMATION OF HPF's LONG-TERM NATIONAL SCALE ISSUER RATING AND REVISED SHORT-TERM NATIONAL SCALE RATING


Securityholders are advised that on 12 September 2019 GCR Ratings ("GCR") affirmed the long-term national 
scale Issuer rating assigned to Hospitality of A-(za) and revised the short-term Issuer rating to A2(za).

The outlook has been revised to Stable, as the previous Positive Outlook was predicated on the finalisation 
of the acquisition of the portfolio of seven mixed-use casino properties from Tsogo Sun Holdings Limited, which 
did not proceed.

The full GCR rating report on HPF is available online at http://www.hpf.co.za/investors/credit-rating.

13 September 2019


Sponsor
Java Capital


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

Date: 13/09/2019 12:00:00
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