Northam’s long-term and short-term credit ratings re-affirmed and outlook upgraded to positive
NORTHAM PLATINUM HOLDINGS LIMITED NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa Incorporated in the Republic of South Africa
Registration number: 2020/905346/06 Registration number: 1977/003282/06
Share code: NPH ISIN: ZAE000298253 Debt issuer code: NHMI
(“Northam Holdings” or the “group”) Bond code: NHM007 Bond ISIN: ZAG000158593
Bond code: NHM009 Bond ISIN: ZAG000158866
Bond code: NHM011 Bond ISIN: ZAG000159237
Bond code: NHM012 Bond ISIN: ZAG000160136
Bond code: NHM014 Bond ISIN: ZAG000163650
Bond code: NHM015 Bond ISIN: ZAG000164922
Bond code: NHM016 Bond ISIN: ZAG000167750
Bond code: NHM018 Bond ISIN: ZAG000168097
Bond code: NHM019 Bond ISIN: ZAG000168105
Bond code: NHM020 Bond ISIN: ZAG000172594
NORTHAM’S LONG-TERM AND SHORT-TERM CREDIT RATINGS RE-AFFIRMED AND OUTLOOK UPGRADED TO POSITIVE
Northam Holdings and Northam are pleased to advise that the credit rating agency, Global Credit Rating Co. (“GCR”),
has re-affirmed Northam’s national scale long-term credit rating at A(za) and short-term credit rating at A1(za), with the
outlook upgraded from stable to positive.
The upgrade to a positive outlook primarily reflects Northam’s continued ramp-up of lower cost production volumes
amidst favourable commodity prices, translating into robust cash flow generation. Moreover, the positive outlook reflects
the potential for Northam’s credit ratings to be upgraded over the next 24 months, dependant on, inter alia, the
progression of the group’s production towards its medium-term annual target of 1 million ounces 4E.
The GCR announcement in regard to Northam’s credit rating is available from the GCR website at:
27 October 2021
Corporate Advisor and Sponsor to Northam Holdings
Corporate Advisor and Debt Sponsor to Northam
Date: 27-10-2021 05:10:00
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