INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - Long-Term National Scale Issuer Rating Assigned
IDCP05 IDCP06 IDCG06 IDCP04 IDCG08 IDCG03 IDCG11 IDCG07 IDCG04 IDCG05 IDCG09 IDCG10 IDCG02 201708110023A
Long-Term National Scale Issuer Rating Assigned
INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA (“IDC”)
REGISTRATION NUMBER: 1940/014201/06
JSE Code: ISIN:
IDCG02 ZAG000110164
IDCG03 ZAG000110149
IDCG04 ZAG000121682
IDCG05 ZAG000121716
IDCG06 ZAG000121732
IDCG07 ZAG000131350
IDCG08 ZAG000131368
IDCG09 ZAG000141011
IDCG10 ZAG000141029
IDCG11 ZAG000141037
IDCP04 ZAG000100629
IDCP05 ZAG000103896
IDCP06 ZAG000120395
MOODY’S ASSIGNS A ‘AA1.za’ LONG-TERM NATIONAL SCALE ISSUER RATING TO
INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA (IDC)
Moody’s Investor Service, (“Moody’s) today assigned a first-time long-
term national scale issuer rating (NSR) of Aa1.za to the IDC. The
rating is effective from August 10, 2017.
Moody’s notes that IDC’s national scale rating of Aa1.za is directly
mapped for its long-term global scale issuer rating of Baa3 (negative
outlook), reflecting the IDC’s strong relative creditworthiness among
debt issuers in South Africa. IDC’s ratings also incorporate the
rating agency’s assumptions of a high probability of government support
in case of need, owing to its full government ownership and the
developmental and policy role that it plays in the market.
The report on the above mentioned rating action is available online at
www.moodys.com.
Johannesburg
11 August 2017
Debt Sponsor: Nedbank Corporate and Investment Bank, a division of Nedbank
Limited
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