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PEPKOR HOLDINGS LIMITED - Moodys Credit Rating

Release Date: 27/01/2020 08:00
Code(s): PPH     PDF:  
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Moody’s Credit Rating

PEPKOR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: PPH
ISIN: ZAE000259479
(“Pepkor” or the “Group”)

PEPKOR – MOODY’S CREDIT RATING

Shareholders are advised that the rating agency Moody’s Investors Service (“Moody’s”) has
assigned a first-time A3.za National Scale Rating.

Moody’s states, “The A3.za ratings assigned to Pepkor reflects its moderate leverage and the
resilience of its business profile stemming from its leading position as South Africa’s largest
non-grocery retailer.”

Pepkor is considering opportunities in the capital bond market with the objectives of
diversifying its sources of funding and reducing financing cost. This supports the Group’s
target to reduce its leverage in the medium term to 1x net debt-to-EBITDA.

Parow
27 January 2020

Sponsor
PSG Capital

Date: 27-01-2020 08:00:00
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