DSYI - Notification of a Change to the Credit Ratings of the Issuer
DSYI - Notification of a Change to the Credit Ratings of the Issuer
Discovery Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/007789/06)
Legal Entity Identifier: 378900245A26169C8132
Company code: DSYI
(“Discovery” or the “Issuer”)
Notification Of A Change To The Credit Ratings Of The Issuer
Following the downgrade of the South African Government’s issuer rating to Ba1 from Baa3 on 27
March 2020, noteholders are advised that Moody’s Investors Service (“Moody’s”) downgraded the
following ratings assigned to the Issuer on 1 April 2020. Similar to the country outlook, the credit
outlook assigned by Moody’s remains negative.
Long Term Issuer Rating From To
Global scale Ba1 Ba2
National scale Aa3.za A1.za
24 August 2020
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24-08-2020 04:55:00
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