SPG
SPG
SPG - Super Group Limited - Fitch Credit Rating
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
ISIN: ZAE000011334
Share code: SPG
("Super Group")
Fitch Credit Rating
Shareholders are advised that Fitch Ratings has upgraded Super
Group Ltd`s (Super Group) National Long-term rating and unsecured senior debt
ratings to `BB+(zaf)` from `BB-(zaf)`. The National Short-term rating is
affirmed at `B(zaf)`. TheOutlook on the Long-term rating has been revised to
Stable from Negative.
Management are pleased that the upgrade of Super Group`s ratings reflect
significant deleveraging by the group at end-June 2010 as a result of strong
shareholder and lender support, evidenced through shareholders recapitalising
the group post-June 2009 and by the stable cash flows within Super Group`s
continuing operations, notably the full maintenance lease and supply chain
management businesses.
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.
6 October 2010
Sandton, South Africa.
Sponsor: Deutsche Securities (SA) (Pty) Limited
Date: 06/10/2010 11:10:01 Produced by the JSE SENS Department.
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