EQSTRA CORPORATION LIMITED - Eqstra change in Rating
EQS01 EQS02 EQS07 EQS06 EQS05 EQS09 EQS04 EQS08A 201404040039A
Eqstra change in Rating
Eqstra Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1984/007045/06
Company code: BIEQS
STANDARD & POOR’S RATING AGENCY CUTS EQSTRA’S SOUTH AFRICAN NATIONAL
SCALE RATING TO zaBBB+ from zaA-
On 3 April 2014, Standard & Poor’s Rating Services (S&P’s) cut the
long-term South Africa national scale rating on Eqstra to 'zaBBB+'
from 'zaA-'. At the same time, they affirmed Eqstra’s short-term
rating of 'zaA-2'. According to S&P’s the credit rating downgrade of
Eqstra reflects their concern regarding the ongoing labour tension
in the South African mining sector and a lackluster economic
environment which, in their opinion, has weakened Eqstra’s business
risk profile.
The S&P full report is available on www.eqstra.co.za
4 April 2014
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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