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Mon 21 Sep 2020, 14:29 BIRPIF - Notification of a Change to the Credit Rating of the Issuer
BIRPIF - Notification of a Change to the Credit Rating of the Issuer

Resilient REIT Limited
Incorporated in the Republic of South Africa
Registration number. 2002/016851/06
Bond code: BIRPIF
LEI: 378900F37FF47D486C58
(Approved as a REIT by the JSE)
(“Resilient” or “Issuer”)


NOTIFICATION OF A CHANGE TO THE CREDIT RATING OF THE ISSUER

Noteholders are advised that GCR Ratings (“GCR”) has, on 17 September 2020, upgraded Resilient’s
national scale long-term issuer rating, as follows:

 Long-term Issuer Rating         From                          To
 National scale                  AA-(za)                       AA(za)

GCR has also affirmed the national scale short-term issuer rating of A1+(za) and the ratings remain on
a stable outlook.

The      full     credit     rating     report    has      been      made     available             at
https://cmsignition.co.za/download/files_1208/GCRratingreport-17September2020.pdf.

21 September 2020

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 21-09-2020 02:29:00
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