FIRSTRAND LIMITED - Revision of FirstRand Limited and FirstRand Bank Limited national scale ratings
FSR FSRP FRS86 FRS100 FRB14 FRX17 FRX18 FRX20 FRX24 FRS133 FRX19 FRB19 FRB05 FRBC21 FRC125 FRC151 FRX45 FRBZ01 FRBZ02 FRBZ03 FRS148 FRX31 FRX30 FRX27 FRX32 FRS3 201708080019A
Revision of FirstRand Limited and FirstRand Bank Limited national scale ratings
FIRSTRAND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE ordinary share code: FSR
JSE ordinary share ISIN: ZAE000066304
JSE B preference share code: FSRP
JSE B preference share ISIN: ZAE000060141
NSX ordinary share code: FST
(FirstRand or the group)
FIRSTRAND BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Issuer code: FRD
Issuer code: FRLE
(FRB or the bank)
REVISION OF FIRSTRAND LIMITED AND FIRSTRAND BANK LIMITED NATIONAL SCALE
RATINGS
Noteholders are referred to the announcement issued by S&P Global Ratings
(S&P) on 7 August 2017, in which the agency revised the national scale
ratings of FirstRand Bank Limited and FirstRand Limited which were labelled
as under criteria for observation (UCO) after recalibrating its national
scale mapping table for South Africa.
The ratings do not reflect any change in the fundamental credit quality of
the bank or group.
The rating agency revised the following national scale ratings:
Entity To From
FirstRand Limited
South Africa national scale long term zaA- zaBB+
South Africa national scale short term zaA-2 zaB
FirstRand Bank Limited
South Africa national scale long term zaAA zaA
South Africa national scale short term zaA-1+ zaA-1
Subordinated zaA+ zaBBB+
Junior subordinated zaA- zaBB+
Noteholders are referred to S&P’s press release for any further
information.
Sandton
8 August 2017
Debt sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/08/2017 12:30:00 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.
