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OLD MUTUAL LIMITED - Revised Long-Term National Scale Credit Rating

Release Date: 28/11/2019 15:31
Code(s): OMU     PDF:  
Wrap Text
Revised Long-Term National Scale Credit Rating

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company”)


Ref 47/19
28 November 2019


REVISED LONG-TERM NATIONAL SCALE CREDIT RATING

On 22 November 2019 S&P Global Ratings (“S&PGR”) revised its outlook on the
foreign and local currency sovereign rating on South Africa to negative, from
stable. On 26 November 2019 S&PGR subsequently revised the long-term national
scale credit rating of OML to ‘zaA+’ from ‘zaAA-‘.

The ratings actions by S&PGR have also impacted the ratings of Old Mutual Life
Assurance Company (South Africa) Limited’s subordinated deferrable debt, as
detailed in a separate announcement released today.


Sponsors

Johannesburg Stock           Merrill Lynch South Africa (Pty) Limited
Exchange

Namibia                      PSG Wealth Management (Namibia) (Proprietary)
                             Limited

Zimbabwe                     Imara Capital Zimbabwe plc

Malawi                       Stockbrokers Malawi Limited


Enquiries


Investor Relations
Sizwe Ndlovu                 T: +27 (0)11 217 1163
Head of Investor Relations   E: tndlovu6@oldmutual.com


Communications
Tabby Tsengiwe               T: +27 (11) 217 1953
Head of Communications       M: +27 (0)60 547 4947
                             E: ttsengiwe@oldmutual.com
Notes to Editors


About Old Mutual Limited


Old Mutual is a premium African financial services group that offers a broad
spectrum of financial solutions to retail and corporate customers across key
markets segments in 14 countries. Old Mutual's primary operations are in South
Africa and the rest of Africa, and it has a niche business in Asia. With over
174 years of heritage across sub-Saharan Africa, we are a crucial part of the
communities we serve and broader society on the continent.


For further information on Old Mutual, and its underlying businesses, please
visit the corporate website at www.oldmutual.com.

Date: 28-11-2019 03:31:00
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