SNT 201612130023A
Credit rating announcement
SANTAM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1918/001680/06)
(Share Code: SNT & ISIN ZAE000093779)
NSX share code: SNM
(‘Santam’)
CREDIT RATING ANNOUNCEMENT
Noteholders are advised that following the rating adjustment on 2
December 2016 by S&P Global Ratings (‘S&P’) of the South African
Long-Term Local Currency Rating to ‘BBB’ from ‘BBB+’, S&P lowered
their long-term counterparty credit and financial strength ratings
on Santam to ‘BBB’ from ‘BBB+’ on 12 December 2016, maintaining
their negative outlook. S&P’s ratings are limited by the local
currency sovereign credit rating on South Africa.
At the same time, Santam’s ‘zaAAA’ South African national scale
rating was affirmed and the South African national scale rating on
subordinated debt issued by Santam was lowered to ‘zaAA-‘ from
‘zaAA+’.
Santam’s Indicative Standalone Credit Profile before taking into
account the Sovereign Risk adjustment remained unchanged at ‘a-‘.
13 December 2016
Sponsor: Investec Bank Limited
Date: 13/12/2016 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
