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Rating Statement

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26 Aug 2016

Sasfin Bank Limited has elected to switch its ratings agency from Moody’s to Global Credit Ratings (GCR) to assign its national scale credit ratings. Accordingly, Sasfin elected to terminate its engagement with Moody’s and withdraw its rating of Sasfin, being Ba3/Not-Prime global scale issuer ratings and the Baa2.za/P-3.za national scale issuer ratings.

At the time of the withdrawals, the long-term global scale issuer rating had a stable outlook.

As at 31 May 2016, Global Credit Ratings assigned national scale ratings to Sasfin Bank Limited of BBB+(ZA) and A1-(ZA) in the long and short term respectively; with the outlook accorded as Stable. Furthermore, Global Credit Ratings has assigned an international scale local currency rating of BB to Sasfin Bank Limited; with the outlook accorded as Stable.

Sasfin’s GCR rating can be found on the following links:

https://globalratings.net/news/article/gcr-accords-an-initial-rating-of-bbbsubza-sub-to-sasfin-bank-limited-outloo

https://www.sasfin.com/media/7038/sens-rating-announcement-sens-final.pdf

 

ENDS

 

Issued on: 26 August, 2016

For media queries, please contact:

Cathryn Pearman

Head: Marketing and Communications

E-mail: Cathryn.Pearman@Sasfin.com

Tel: (+27) (11) 809 7851

Cell: (+27) (82) 923 3214

Post: PO Box 95104, Grant Park 2051

Web: www.sasfin.com

 

Sasfin Holdings Limited (“Sasfin” or “the Group” or “the Company”) is a bank-controlling company listed in the “Financials: Investment Services” sector of the JSE Limited (“the JSE”). Sasfin and its subsidiaries provide a wide range of complementary banking, financial and related services.

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