SPG
SPG
SPG - Super Group - Fitch Credit Rating
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
ISIN number: ZAE000011334
Share code: SPG
("Super Group")
Fitch Credit Rating
Shareholders are advised that Fitch Ratings has revised the Rating Watch on
Super Group`s National Long-term `BB(zaf)` rating to Rating Watch Evolving
(RWE) from Rating Watch Negative.
The change in Rating Watch to Evolving incorporates Fitch`s expectation that a
successful completion of the proposed rights issue and debt restructuring will
contribute towards a strengthening of Super Group`s credit profile and may
have a positive impact on Super Group`s long-term rating, although a
stabilisation of the ratings currently looks probable. The unchanged Rating
Watch Negative outlook on the short-term rating reflects Fitch`s expectation
that an upgrade to `F3(zaf)` seems unlikely at this time.
Fitch`s rating definitions and the terms of use of such ratings are available
on the agency`s public site, www.fitchratings.com. Published ratings, criteria
and methodologies are available from this site.
20 March 2009
Sandton
Sponsor: Deutsche Securities (SA)(Pty)Limited
Date: 20/03/2009 12:45:01 Produced by the JSE SENS Department.
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