PSG KONSULT LIMITED - PSG Konsult Credit Rating and Outlook Unchanged
KST 201506240059A
PSG Konsult Credit Rating and Outlook Unchanged
PSG Konsult Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
ISIN Code: ZAE000191417
(“PSG Konsult”)
PSG KONSULT CREDIT RATING AND OUTLOOK UNCHANGED
Shareholders are advised that the rating agency Global Credit
Rating Company (“GCR”), having upgraded PSG Konsult’s long-term
rating in August 2014, affirmed the national scale ratings assigned
to PSG Konsult of BBB+(ZA) and A2(ZA) in the long term and short
term respectively, with the outlook for both ratings remaining
stable.
GCR states, “PSG Konsult’s position is enhanced by its well defined
strategy, within the complimentary business lines of wealth
management, asset management and insurance. PSG Konsult has
developed robust risk management procedures to monitor the various
risks facing the business, including regulatory compliance and
counterparty risk. In addition, cash flows are monitored daily to
ensure PSG Konsult can meet all its statutory capital and liquidity
requirements across the various businesses.”
Tyger Valley
24 June 2015
JSE sponsor: PSG Capital Proprietary Limited
NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited,
member of the Namibian Stock Exchange
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