PSG Konsult’s Long-Term Credit Rating Upgraded With Stable Outlook
PSG Konsult’s Long-Term Credit Rating Upgraded With Stable Outlook PSG KONSULT LIMITED (Incorporated in the Republic of South Africa) Registration Number: 1993/003941/06 JSE Share Code: KST NSX Share Code: KFS SEM Share Code: PSGK.N0000 ISIN Code: ZAE000191417 LEI: 378900ECF3D86FD28194 (“PSG Konsult”) PSG KONSULT’S LONG-TERM CREDIT RATING UPGRADED WITH STABLE OUTLOOK Shareholders are advised that the rating agency Global Credit Rating Company (“GCR”) has in its report issued on 27 July 2021, upgraded PSG Konsult’s national scale long-term issuer rating to A+ (ZA) , while the short-term issuer rating has been affirmed at A1 (ZA) , with a Stable outlook. GCR states, “The upgrade reflects PSG Konsult’s ability to sustain strong credit fundamentals amidst a challenging operating environment through maintaining a solid balance sheet, consistent track record of earnings stability and cash flow generation, and established wealth management franchise.” Tyger Valley 27 July 2021 JSE Sponsor: PSG Capital Proprietary Limited Independent Joint JSE Sponsor: UBS South Africa Proprietary Limited NSX Sponsor: PSG Wealth Management (Namibia) Proprietary Limited, member of the Namibian Stock Exchange SEM authorised representative and SEM Sponsor: Perigeum Capital Ltd This notice is issued pursuant to the JSE Limited Listings Requirements, the SEM Listing Rules and the Mauritian Securities Act 2005. The board of directors of PSG Konsult accepts full responsibility for the accuracy of the information contained in this communiqué. Date: 27-07-2021 10:00:00 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.