REDEFINE PROPERTIES LIMITED - Change in credit rating by Moodys Investors Service

Change in credit rating by Moody’s Investors Service

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
Debt company code: BIRDF
(Approved as a REIT by the JSE)
(“Redefine” or “the Company”)


CHANGE IN CREDIT RATING BY MOODY’S INVESTORS SERVICE

Security holders are advised that as a direct consequence of South Africa’s sovereign rating
downgrade to Ba1 from Baa3 (negative outlook) on Friday, 27 March 2020, Moody’s Investors
Service (“Moody’s”) has assigned Redefine a corporate family rating (CFR) of Ba1 and withdrawn
Redefine’s long-term issuer rating Baa3. Moody's has also revised the long-term national scale
issuer rating to Aa2.za from Aa1.za.

The rating outlook remains negative.

The detailed Moody’s rating action announcement can be found on the Company’s website at:
https://www.redefine.co.za/investors/investor-information/credit-ratings


6 April 2020

Sponsor
Java Capital

Date: 06-04-2020 01:30:00
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