NMP20N 201705170010A
Credit Rating Announcement
Namibia Power Corporation (Proprietary) Limited
(Incorporated in December 1964 with limited liability in the Republic of Namibia)
(Registration No. 2051)
Company code: BINPW
(“NamPower” or “the Issuer”)
CREDIT RATING ANNOUNCEMENT
Noteholders are advised that the Issuer has formally accepted the rating assigned by Fitch Ratings
(“Fitch”) on 12 May 2017. Fitch has assigned a national long term rating of AAA(zaf) with the
outlook accorded as negative and affirmed the short term rating at F1+(zaf).
17 May 2017
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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