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Capitec Bank (The Wholly-Owned Subsidiary Of Capitec): Issuer Credit Ratings Affirmed
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
(“Capitec Bank”)
CAPITEC BANK (THE WHOLLY-OWNED SUBSIDIARY OF CAPITEC): ISSUER
CREDIT RATINGS AFFIRMED
On 25 October 2021, S&P Global Ratings (“S&P”) affirmed all
the credit ratings of Capitec Bank. The foreign currency
international long-term issuer credit rating remains ‘BB-’ in
line with that of the South African sovereign. The ‘B’ short-
term rating along with the ‘zaAA’ long-term and ‘zaA-1+’
short-term national scale ratings remain unchanged. The
outlook is stable.
S&P states that Capitec Bank’s key strengths include ‘sound
capitalisation and significant capital buffers’ along with
‘large balance sheet liquidity, a robust operational and
credit-risk management framework, and a conservative
provisioning policy.’
25 October 2021
Stellenbosch
JSE Equity and Debt Sponsor PSG Capital
Date: 25-10-2021 04:36:00
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