DIPULA INCOME FUND LIMITED - GCR Ratings affirms Dipula's issuer ratings
GCR Ratings affirms Dipula's issuer ratings
DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIB ISIN: ZAE000203394
(Approved as a REIT by the JSE)
("Dipula" or "the Company")
GCR RATINGS AFFIRMS DIPULA'S ISSUER RATINGS
Shareholders are advised that Global Credit Rating Company Limited ("GCR") has released a credit rating
announcement in which Dipula's ratings have remained unchanged and GCR has affirmed the Company's national scale
long-term and short-term issuer ratings of BBB+(ZA) and A2(ZA), respectively, with a Stable Outlook.
According to GCR, the affirmation of the Company's issuer ratings "reflects expectations that Dipula will maintain
steady profitability from its diversified portfolio of good quality assets." In addition, GCR recognises that Dipula
"maintains conservative gearing metrics, whilst the improvements to the capital structure and recent refinancing efforts
have strengthened financial flexibility and liquidity."
GCR's full credit rating announcement is available on Dipula's website at the following link:
https://www.dipula.co.za/index.php/investors/credit-rating-report
31 July 2024
Sponsor
Java Capital
Date: 31-07-2024 11:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
