CPI
CPI
CPI - Capitec Bank Holdings - Rating Upgrade
CAPITEC BANK HOLDINGS LIMITED
Registration number: 1999/025903/06
Share Code: CPI
ISIN Number: ZAE000035861
"Capitec" or "the company"
CAPITEC BANK RATING UPGRADE
Moody`s Investors Service has today upgraded the short-term national scale
credit rating for Capitec Bank Limited, Capitec`s banking subsidiary, to
P-1.za (from P-2.za). The Bank`s long-term national scale rating of A2.za
remains unchanged and has a stable outlook.
According to Moody`s, the upgrade reflects Capitec Bank`s demonstrated
ability to cautiously manage its liquidity/funding over the past few years.
This was further enhanced by the ZAR2 billion Domestic Medium-Term Note
Programme registered earlier this month.
The long-term rating reflects a good long-term credit quality and the short-
term rating a superior ability to repay short-term debt obligations.
Stellenbosch
14 May 2008
Date: 14/05/2008 14:34:09 Produced by the JSE SENS Department.
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