DSYI - Notification of a Change to the Credit Rating of the Issuer
DSYI - Notification of a Change to the Credit Rating 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 RATING OF THE ISSUER
Following the downgrade of the South African Government’s issuer rating to Ba2 from Ba1 on 20
November 2020, noteholders are advised that Moody’s Investors Service (“Moody’s”) has
downgraded the following rating assigned to the Issuer on 25 November 2020. Similar to the country’s
outlook, the credit outlook assigned by Moody’s remains negative.
Type of Rating From To
Global scale long term issuer rating Ba2 Ba3
The national scale long term issuer rating was affirmed at A1.za.
26 November 2020
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26-11-2020 03:45:00
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