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DEVELOPMENT BANK OF SOUTHERN AFRICA - Credit rating announcement - DIDBS
Credit rating announcement - DIDBS Development Bank of Southern Africa Limited Registration number: 1600157FN JSE alpha code: DIDBS ("DBSA") CREDIT RATING ANNOUNCEMENT Noteholders are advised that Moody's Investors Service ("Moody's") has downgraded the long-term foreign currency issuer rating of DBSA to Ba1 from Baa3 and assigned Corporate Family Ratings of Ba1. At the same time, Moody's has downgraded DBSA's Baseline Credit Assessment ("BCA") to ba3 from ba2. The national scale rating of DBSA has been affirmed and the outlook remains negative. The rating actions follows Moody's downgrade of the Government of South Africa rating to Ba1 from Baa3 with a negative outlook on 27 March 2020. The full rating announcement will be made available upon request or can also be obtained on the DBSA's website at https://www.dbsa.org/EN/InvestorRelations/Pages/Credit-Ratings-Reports.aspx . 2 April 2020 Debt Sponsor Nedbank Corporate and Investment Banking Date: 02-04-2020 02:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.