RCS INVESTMENT HOLDINGS LTD - RCS Withdraws Moodys Investors Service Public Rating
RCSB05 RCSB06 RCSB04 RCSB07 RCSB03 201504160060A
RCS Withdraws Moody’s Investors Service Public Rating
RCS INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2000/017884/06)
Bond issuer code: BIRCS
(“RCS”)
RCS WITHDRAWS MOODY’S INVESTORS SERVICE PUBLIC RATING
BNP Paribas Personal Finance S.A became the 100% shareholder
of RCS on 6 August 2014, with the ultimate shareholder being
BNP Paribas S.A (A1 International Rating by Moody’s Investors
Service).
Subsequent to this change in shareholding, RCS appointed Fitch
Ratings Limited as its public rating agency in accordance with the
RCS Domestic Medium Term Note Programme, and as disclosed in
the SENS dated 24 February 2015.
Fitch Ratings Limited assigned a National Long Term Rating of
AA-(zaf)and a National Short Term Rating of F1+(zaf) to RCS with
a stable outlook.
RCS subsequently requested the withdrawal of the public issuer
rating provided by Moody’s Investors Service in February 2015 and
expects this process to be concluded shortly.
16 April 2015
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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