GCR places the ratings of Trustco Group Holdings Limited ‘Under Review’.
Johannesburg, 01 August 2017 — Global Credit Ratings (“GCR”) has placed the national scale ratings assigned to Trustco Group Holdings Limited (“Trustco”, “the group”) of BBB+(NA) and A2(NA) in the long-term and short-term respectively, ‘Under review’. While the ratings recently expired, GCR expects to publicly release the updated rating results by 31 August 2017.
The ‘Under review’ status reflects the fact that Trustco has not yet filed audited financial statements for the fiscal-year 2017. GCR acknowledges that Trustco is working with its auditors to release these statements as soon as possible. The ‘Under review’ status will be addressed once the group publishes its audited accounts. GCR continues to support the ratings.
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