BIDVESTCO LIMITED - Amendments to Bidvest Credit Ratings - BIBID
BID06 BID05 BID04 201706150027A
Amendments to Bidvest Credit Ratings - BIBID
Bidvestco Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1966/011512/06)
Company code: BIBID
(“Bidvestco”)
AMENDMENT TO BIDVEST CREDIT RATINGS
Following Moody's Investors Service (“Moody’s” or “the agency”) rating action on the South
African sovereign on Friday, June 9 2017, the agency yesterday downgraded Bidvest’s credit
rating as it is constrained by the sovereign rating.
Summary of rating actions:
Moody’s lowered the global scale long and short-term counterparty credit ratings on Bidvest to
Baa3/P-3 from Baa2/P-2. The outlook remains negative. Bidvest’s national scale rating has
remained unchanged at Aa1.za/P-1.za
Moody’s press release can be accessed on: www.moodys.com
15 June 2017
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 15/06/2017 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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