REAL PEOPLE INV HOLDINGS LIMITED - Global Credit Ratings Downgrades the National Scale Ratings of Real People Investment Holdings Limited - BIRP
RPS001 RP014 RP005 RPS002 201703090028A
Global Credit Ratings Downgrades the National Scale Ratings of Real People Investment Holdings Limited - BIRP
Real People Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/020093/06)
Bond Issuer Code: BIRP
(“Real People”)
GLOBAL CREDIT RATINGS DOWNGRADES THE NATIONAL SCALE RATINGS OF REAL
PEOPLE INVESTMENT HOLDINGS LIMITED
Noteholders are advised that Global Credit Ratings (“GCR”) has, on 09
March 2017, downgraded the national scale ratings of Real People to
CCC.(za)and C.(za) from BB.(za)and B.(za) in the long term and short
term respectively and amended the ratings outlook from stable to
negative.
According to GCR the downgrade is a result of materially weaker
profitability, a declining capital adequacy ratio and heightened
liquidity and funding risks.
Noteholders are referred to the credit announcement released by GCR
for any additional information also available on the company’s
website at http://www.realpeoplegroup.co.za/index.php?nav=credit-
rating-reports .
09 March 2017
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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