EQS
EQS
EQS - Eqstra Holdings Limited - Standard & Poor`s Rating Agency ups Eqstra`s
zaBBB/zaA-2 South African National Scale Rating to zaBBB+/zaA-2
Eqstra Holdings Limited ("Eqstra")
Incorporated in the Republic of South Africa
(Registration number 1998/011672/06)
ISIN: ZAE000117123
JSE share code: EQS
STANDARD & POOR`S RATING AGENCY UPS EQSTRA`S zaBBB/zaA-2 SOUTH AFRICAN NATIONAL
SCALE RATING TO zaBBB+/zaA-2
On 21 February 2011, Standard & Poor`s Rating Services (S&P`s) raised the long-
term South Africa national scale ratings on Eqstra to `zaBBB+` from `zaBBB`. At
the same time, they affirmed Eqstra`s short-term rating of `zaA-2`.
According to S&P`s research update, the credit rating upgrade of Eqstra reflects
both the significant reduction in medium-term refinancing risks due to
renegotiation of the bank funding package, and improving profitability and cash
flow due to lower funding costs and earnings growth.
The S&P full report is available on www.eqstra.co.za
Johannesburg
22 February 2011
Sponsor: Merrill Lynch South Africa (Proprietary) Limited
Date: 22/02/2011 07:10:17 Produced by the JSE SENS Department.
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