LGL-Rating Upgrade
LIBERTY GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1957/002788/06)
(“Liberty”) or (“the Company”) or (“the Issuer”)
Liberty Group Limited Instruments Rating Upgrade by S&P Global Ratings
On 8 June 2023, S&P Global Ratings published its National And Regional Scale Credit Ratings
Methodology and placed several ratings, including those of the Issuer, under ratings
observation (UCO).
On 26 June 2023, S&P Global Ratings removed the UCO identifier and raised its national scale
ratings on the hybrid debt instruments of Liberty to zaAA- from zaA+.
Please see below affected instruments Issued by Liberty:
- LGL09 - ZAR1.1 billion floating-rate note due 28 August 2024
- LGL10 - ZAR1.0 billion floating-rate note due 8 October 2025
- LGL11 - ZAR1.5 billion floating-rate note due 9 September 2026
- LGL12 - ZAR1.5 billion floating-rate note due 4 October 2027
The national scale Issuer credit ratings were affirmed at zaAAA / zaA-1+.
Johannesburg
27 June 2023
Debt Sponsor
The Standard Bank of South Africa Limited
Date: 27-06-2023 12:35:00
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