GLOBAL CREDIT RATINGS DOWNGRADES THE NATIONAL SCALE RATINGS OF REAL PEOPLE INVESTMENT HOLDINGS LIMITED
(Thomson Reuters ONE) -
Real People Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/020093/06)
("Real People")
GLOBAL CREDIT RATINGS DOWNGRADES THE NATIONAL SCALE RATINGS OF REAL PEOPLE
INVESTMENT HOLDINGS LIMITED
Noteholders are advised that Global Credit Ratings ("GCR"), a Johannesburg
based, Africa focused credit ratings agency has, on 09 March 2017, downgraded
the national scale ratings of Real People to CCC.(za)and C.(za) from BB.(za)and
B.(za) in the long term and short term respectively and amended the ratings
outlook from stable to negative.
According to GCR the downgrade is a result of materially weaker profitability, a
declining capital adequacy ratio and heightened liquidity and funding risks.
Noteholders are referred to the credit announcement released by GCR for any
additional information also available on the company's website at
http://www.realpeoplegroup.co.za/index.php?nav=credit-rating-reports .
09 March 2017
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Real People Investment Holdings Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 09.03.2017 - 13:29 Uhr
Sprache: Deutsch
News-ID 529282
Anzahl Zeichen: 1605
contact information:
Town:
Rosebank
Kategorie:
Business News
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