EQSTRA HOLDINGS LIMITED - Standard & Poor's Ratings Review Update
EQS EQS07 EQS09 EQS08A EQS06 EQS05 201602190002A
Standard & Poor's Ratings Review Update
Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
Share code: EQS, EQS05, EQS06, EQS07, EQS08A, EQS09
ISIN: ZAE000117123
(“Eqstra” or “the group”)
STANDARD & POOR’S RATINGS REVIEW UPDATE
On 18 February 2016, Standard & Poor’s Ratings Services placed its
'zaBBB+/zaA-2' long- and short-term South Africa national scale ratings on
Eqstra Holdings Limited on CreditWatch with negative implications in light
of an expected fall in earnings.
Eqstra notes that the rating review was provided whilst the group continues
to implement its Group 2020 Strategy of, inter alia, driving operating
excellence and efficiencies and creating a sustainable capital structure.
As previously communicated to the market, the Group 2020 Strategy intends
to strengthen long term performance and profitability amid the constraints
of a challenging macro-economic environment.
Eqstra’s Board remains committed to the Group 2020 Strategy and is
confident that the credit rating of Eqstra will ultimately reflect the
positive outcomes of its strategy.
Kempton Park
19 February 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/02/2016 08:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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