Ratings update
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Alpha code: BIBAW)
("Barloworld”)
RATINGS UPDATE
On 27 April 2023, Moody’s Investor Services (“Moody’s”) affirmed Barloworld’s corporate family
rating (“CFR”) of Ba2, with an outlook remaining as stable. Moody’s also affirmed Barloworld’s
CFR national scale rating of Aa2.za.
The rating action is a direct consequence of the rating action on the South African sovereign and
reflects Barloworld’s operational concentration in South Africa.
The full details of the credit ratings update can be viewed on Barloworld’s website at
https://www.barloworld.com/pdf/investors/debt_instruments/credit%20ratings/moodys-
barloworld-ratings-update-may-2023.pdf
Sandton
4 May 2023
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 04-05-2023 11:45:00
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