Sharenet Sites 
Sharenet Sites
GCR affirms Vukile’s Senior Secured Group 1 Note rating
VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
Bond company code: VKEI
(Granted REIT status with the JSE)
(“Vukile”)
GCR AFFIRMS VUKILE’S SENIOR SECURED GROUP 1 NOTE RATING
Vukile noteholders and shareholders are advised that Global Credit Rating Co. (“GCR”) has released a credit
rating announcement in which Vukile's rating has remained unchanged and GCR has affirmed the national
scale issuer rating of AA-(za) and A1+(za), for the long and short-term respectively, with a Stable Outlook.
Concurrently, the ratings assigned to outstanding Senior Secured Group 1 Notes issued by Vukile has
remained unchanged and been affirmed at AAA(ZA)(EL).
According to GCR, the Stable Outlook reflects their expectations that “notwithstanding the heightened
uncertainty in the wake of the COVID-19 crisis, Vukile’s financial profile will remain relatively stable due to
strong treasury management and proactive management of covenant risk.”
GCR’s credit rating announcement is publicly available on its website at
https://gcrratings.com/announcements/gcr-affirms-vukiles-aa-za-issuer-rating-on-the-back-of-extensive-
debt-reprofiling-outlook-stable/
30 September 2020
Debt sponsor
Java Capital
Date: 30-09-2020 05:30:00
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.
