Johannesburg, 4 December 2017 — Global Credit Ratings (“GCR”) has placed the final, public short-term credit rating accorded to the securities issued (the “Notes”) by iNkotha Investments (RF) Limited (the “Issuer” or “iNkotha”) under review. Concurrently, GCR has placed the final, public short-term unsecured credit rating accorded to iNkotha under review.
The surveillance review of the ratings for iNkotha and the Notes was previously scheduled for 5 December 2017. However, due to the impending review of certain underlying obligor ratings, which is still ongoing, the release of the surveillance report has been postponed. The ‘Under Review’ process allows for a time extension of the ratings and is not linked to the performance of iNkotha or the Notes. The surveillance will be conducted and a rating announcement will be issued by 15 December 2017.
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