Credit rating announcement:
UMGENI WATER
Company code : BIUMWA
Stock Codes:
UG21: ZAG000075698
UG26: ZAG000133760
CREDIT RATING ANNOUNCEMENT
Noteholders are advised that S&P Global Ratings ("S&P") has affirmed Umgeni Water's National Scale
Rating at ' zaAAA '.
The affirmation reflects S&P's view of the almost-certain likelihood of government support of Umgeni
Water.
The full rating announcement will be made available upon request.
3 December 2019
Debt Sponsor
Nedbank Corporate and Investment Banking
Date: 03-12-2019 12:15:00
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