APFE - Notification of a Change to the Credit Rating of the Issuer and the Senior Secured Notes
APFE - Notification of a Change to the Credit Rating of the Issuer and the Senior Secured Notes
Accelerate Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2005/015057/06)
Company code: APFE
LEI Number: 3789008641F1D3D90E85
(Approved as a REIT by the JSE)
("Accelerate" or the "Issuer")
NOTIFICATION OF A CHANGE TO THE CREDIT RATING OF THE ISSUER AND THE SENIOR SECURED
NOTES
Noteholders are advised that GCR Ratings ("GCR") has on 18 September 2024, downgraded
Accelerate's national scale long-term issuer rating to B(ZA) from BB+(ZA) with the short-term rating
affirmed at B(ZA). Concurrently, the rating of the senior secured notes has been downgraded to BB(ZA)(EL),
from BBB(ZA)(EL), with the outlook being revised to negative from evolving.
Fourways
19 September 2024
Debt Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)
Date: 19-09-2024 11:40:00
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
