16 Jul - 2 min read

GCR Ratings affirms Vukile issuer rating

GCR Ratings affirms Vukile issuer rating

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
Bond company code: VKEI
(Granted REIT status with the JSE)


GCR RATINGS AFFIRMS VUKILE ISSUER RATING


Vukile noteholders and shareholders are advised that Global Credit Rating Company Limited. (“GCR”) released a credit
rating announcement in which Vukile's rating has remained unchanged and GCR has affirmed the national scale issuer
rating of AA-(za) and A1+(za), for the long and short-term respectively, with a Stable Outlook. Concurrently, the ratings
assigned to outstanding Senior Secured Group 1 Notes issued by Vukile has remained unchanged and been affirmed at
AAA(ZA)(EL), with a Stable Outlook.

According to GCR, the issuer rating reflects “Vukile’s high quality, geographically diversified portfolio of largely
convenience-based retail properties in South Africa and Spain, as well as its commitment to preserving the balance sheet
and liquidity.”

GCR’s credit rating announcement is publicly available on its website at
https://gcrratings.com/announcements/

16 July 2020


Debt sponsor and sponsor
Java Capital

Date: 16-07-2021 08:30:00
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