JSE EQS
BIEQS EQS
EQS - Eqstra Holdings Limited - Standard & poor`s ratings services
raised Eqstra`S South African National scale rating to zaA-/zaA-2
Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1998/011672/06
ISIN: ZAE000117123
JSE share code: EQS, EQS01, EQS02, EQS04
("Eqstra")
STANDARD & POOR`S RATINGS SERVICES RAISED EQSTRA`S SOUTH AFRICAN
NATIONAL SCALE RATING TO zaA-/zaA-2
On 3 October 2011, Standard & Poor`s Ratings Services (S&P`s) raised
the long-term South Africa national scale rating on Eqstra to `zaA-`
from `zaBBB+`.
At the same time, S&P affirmed Eqstra`s short-term rating of `zaA-2`.
S&P said the rationale for the upgrade was as follows:
"The upgrade reflects our view of Eqstra`s stronger financial
performance from lower funding costs and improved revenues through the
distributorship and industrial equipment divisions. This complements
the improved funding structure and capitalization achieved in the past
two years, in our opinion."
S&P`s full report is available on http://www.eqstra.co.za/rating.aspx
Kempton Park
3 October 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/10/2011 14:03:13 Produced by the JSE SENS Department.
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