FIRSTRAND LIMITED - Amendment to FirstRand Limited and FirstRand Bank Limited Credit Ratings
FSR FSRP FRB05 FRB14 FRB19 FRBC21 FRBI22 FRBI25 FRBI28 FRBI29 FRBI33 FRBI46 FRBI50 FRBZ01 FRBZ02 FRBZ03 FRC169 FRC221 FRC233 FRC259 FRC260 FRC69 FRC71 FRI33 201807040023A
Amendment to FirstRand Limited and FirstRand Bank Limited Credit 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)
JSE company code interest rate issuer: FRII
JSE company code debt issuer: FRD
JSE company code ETF issuer: FRLE
(FRB or the bank)
AMENDMENT TO FIRSTRAND LIMITED AND FIRSTRAND BANK LIMITED CREDIT RATINGS
On 2 July 2018, S&P Global Ratings (S&P) raised it national scale ratings on South Africa’s financial
institutions and removed them from under criteria observation. This follows the revision of its criteria on
national scale ratings and subsequent recalibration of the mapping table for South Africa.
These rating actions do not reflect any change in the fundamental credit quality of the bank.
Summary of rating actions on FirstRand Bank Limited and FirstRand Limited:
To From
FirstRand Bank Limited
Counterparty credit rating – South Africa national scale zaAA+ zaAA-
Subordinated zaAA- zaA
Junior subordinated zaA zaBBB+
FirstRand Limited
Counterparty credit rating – South Africa national scale zaA/zaA-1 zaBBB+/zaA-2
S&P’s press release can be accessed on: www.spglobal.com.
4 July 2018
Sponsor and Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 04/07/2018 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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