OMN
OMN
OMN - Omnia Allows Contract With MOODY`S to Lapse
OMNIA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/003680/06)
JSE Code: OMN
ISIN: ZAE000005153
("Omnia")
Omnia allows contract with Moody`s to lapse
Omnia, the JSE listed diversified and specialist chemical services company,
providing customised solutions in the chemicals, mining and agriculture markets,
today confirmed its decision taken in August 2009 to withdraw from the Moody`s
Ratings programme.
Following the long and short term rating issued to Omnia by Global Credit
ratings (GCR) during May of last year, management made the decision that only
one rating agency is required for the Group. Omnia therefore felt that it was
unnecessary to continue with Moody`s ratings agency and allowed the contract to
expire at the end of September 2009. Accordingly Moody`s has now announced the
withdrawal of their rating.
GCR Ratings Services will continue to provide a corporate credit rating on the
Company. Omnia`s current GCR long term rating is BBB+ and short term rating is
A2.
Johannesburg
1 April 2010
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 01/04/2010 08:39:01 Produced by the JSE SENS Department.
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