Johannesburg, 29 Apr 2016 — Global Credit Ratings has today withdrawn Cottco Holdings Limited’s (previously AICO Africa Limited) national scale long term and short term debt ratings of CCC(ZW) and C(ZW) respectively. The ratings have been withdrawn without affirmation because the entity has not provided the agency with information to enable it to decide on the appropriate rating level. Accordingly, GCR will no longer provide ratings or analytical coverage of Cottco Holdings Limited.
NATIONAL SCALE RATINGS HISTORY
Initial rating (October 2008)
Last rating (October 2015)
Long term: BBB(ZW); Short term: A3(ZW)
Long term: CCC(ZW); Short term: C(ZW)
Outlook: Rating Watch
Sector Head: Corporate & Public Sector Debt Ratings
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