GRINDROD BANK LIMITED - Credit rating announcement - GBL02
GBL02 201605040012A
Credit rating announcement - GBL02
GRINDROD BANK LIMITED
(Registration number 1994/007994/06)
CREDIT RATING ANNOUNCEMENT
Stock code: GBL02
ISIN code: ZAG000130352
Grindrod Bank Limited would like to advise all its Note-holders that it has
terminated its engagement with Moodys Investors Service and has appointed
Global Credit Rating Co(GCR),an approved ECAI, to provide a company Credit
Rating.
GCR has published the full rating report on Grindrod Bank, which report is
available online at: http://www.globalratings.net.
GCR has assigned Grindrod Bank an initial South African national scale of
BBB+(ZA) long term, and A2(ZA)short term, with an outlook accorded as
Stable.
Date: 04th May 2016 (date of announcement)
Debt Sponsor: Nedbank CIB, a division of Nedbank Limited
SENS Rating Announcement_draft 1 (2).docx
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