THE SA NATIONAL ROADS AGENCY SOC LIMITED - Credit Ratings Announcement
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Credit Ratings Announcement
The South African National Roads Agency
Incorporated in the Republic of South Africa
(Registration number 1998/009584/30)
Company Code: BINRA
(“SANRAL” or “the Issuer”)
CREDIT RATING ANNOUNCEMENT
Noteholders are advised that Moody’s Investor Services
(“Moody’s”) has, on 5 December 2016, confirmed the credit
ratings of the Issuer.
Moody’s confirmed the long-term issuer ratings of Baa3 (global
scale) and Aa3.za (South African national scale) as well as
the short-term ratings P-3 (global scale) and P-1.za (national
scale); with the outlook accorded as negative.
The report may be retrieved at the below link
https://www.moodys.com/research/Moodys-places-SANRALs-ratings-
on-review-for-downgrade--PR_354790
6 December 2016
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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