SPG - Super Group Limited - Fitch raises Super Group`s outlook to Stable
SPG
SPG
SPG - Super Group Limited - Fitch raises Super Group`s outlook to Stable
and affirms rating at A-
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
ISIN number: ZAE000011334
Share code: SPG
("Super Group" or "the Company")
Fitch raises Super Group`s outlook to Stable and affirms rating at A-
Shareholders are advised that Fitch Ratings has revised Super Group`s National
Long-term rating Outlook from Negative to Stable. The National ratings were
affirmed at Long-term A- (A minus)(zaf) and Short-term F2(zaf).
The ratings reflect Super Group`s strong capabilities and leadership in the
supply chain and fleet solutions industries, robust operating profit margins,
strong operating performance and reduced vulnerability to economic cycles. The
ratings also take into account the annuity-based nature of contracts with blue-
chip corporate clients and Super Group`s diversified client base. Fitch further
recognised that strategic investments and initiatives have placed Super Group in
a strong position to capitalise on the growing construction and do-it-yourself
markets.
The revised Outlook follows evidence that adequate measures have been put in
place by the Company with regard to the restructuring of its ZAR900m corporate
bond, payable in June 2008, that ensure that the Company is in a position to
meet its financial commitments on a timely basis, should adverse market
conditions prevail.
Sandton
3 December 2007
Sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 04/12/2007 08:12:01 Produced by the JSE SENS Department.
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