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BIBAW - Ratings Update
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Bond issuer code: BIBAW)
(“Barloworld” or “the group”)
RATINGS UPDATE
Moody’s Investor Services (“Moody’s”) has affirmed Barloworld Limited’s (“Barloworld”) long-term and
short-term issuer Global Scale Ratings of Baa3 and P-3 respectively. The outlook on the ratings of
Barloworld changed from negative to stable following the change of outlook on the Baa3 sovereign rating
of South Africa.
Moody’s reported that the Baa3/Aa1.za issuer ratings recognise Barloworld’s leading competitive market
positions, supported by strong brand offerings and stable long term relationships with its principal
suppliers, together with a diversified product mix and resilient business model. The ratings also consider
Barloworld’s good liquidity position resulting from its favourable debt maturity profile.
Further details are available on Moody’s website or press release.
Johannesburg
28 March 2018
Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)
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