REDEFINE PROPERTIES LIMITED - Moody's Recalibrates SA's National Rating Scale & Repositions National Scale Ratings Of Non-Financial Corporates
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Moody's Recalibrates SA's National Rating Scale & Repositions National Scale Ratings Of Non-Financial Corporates
REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
Company code : BIRDF
(Approved as a REIT by the JSE)
(“Redefine”)
MOODY’S RECALIBRATES SOUTH AFRICA’S NATIONAL RATING SCALE AND
REPOSITIONS NATIONAL SCALE RATINGS OF NON-FINANCIAL CORPORATES
Noteholders are advised that Moody's Investors Service (“Moody’s”) has, on 11 May 2016, repositioned the
National Scale Rating (“NSR”) of Redefine, in conjunction with the recalibration of the South African
national rating scale and as part of the implementation of Moody’s updated methodology. The following
ratings are now applicable for Redefine:
- NSR Issuer Rating (Local Currency), Repositioned to Aa2.za from A3.za;
- NSR Issuer Rating (Local Currency), Repositioned to P-1.za from P-2.za;
- NSR Senior Unsecured Medium-Term Note Program, Repositioned to (P)Aa2.za from (P)A3.za;
- NSR Other Short Term, Repositioned to P-1.za from P-2.za;
- Senior Unsecured Medium-Term Note Program, Assigned (P)P-3; and
- Senior Unsecured Medium-Term Note Program, Assigned (P)Baa3.
Noteholders are referred to the press release by Moody’s for any additional information.
https://www.moodys.com/research/Moodys-recalibrates-SouthAfricas-national-rating-scale-and-repositions-
national--PR_348599
24 May 2016
Debt sponsor
Java Capital
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