BILB: Moody’s Ratings review

2019/09/12 09:24:46
SENS announcement for JSE listed company: JSE General
                        

BILB: Moody’s Ratings review:
The Land and Agricultural Development Bank of South Africa
(JSE Code: BILB)
(‘the Land Bank’)

Land and Agricultural Development Bank of South Africa: Moody’s announces completion of a
periodic review of ratings

On 10 September, Moody’s Investors Service, (‘Moody’s’) announced the completion of a periodic
review of the Land and Agricultural Development Bank of South Africa’s (‘Land Bank’) ratings.
Moody’s conducted a portfolio review and reassessed the appropriateness of the ratings in the context
of the relevant principle methodologies, recent developments and comparison of the financial and
operating profile to similar rated peers. The review did not include a rating committee or credit rating
announcement.
As per the SENS announcement of 25 July 2019, Moody’s Investors Service, (‘Moody’s’) affirmed the
Land and Agricultural Development Bank of South Africa’s (‘Land Bank’) issuer ratings at Baa3/Prime-
3 and its national-scale issuer ratings (NSR) at Aa1.za/P-1.za. The issuer outlook is negative.

The Periodic Review Announcement is available on its website, www.moodys.com.

12 September 2019

Enquiries
Land and Agricultural Development Bank of South Africa
Konehali Gugushe, Acting Chief Executive Officer
Yatheen Ramrup, Acting Chief Financial Officer
Rebecca Phalatse, General Manager: Marketing and Communications – Tel: 012 686 0921

Date: 12/09/2019 09:25:00
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,
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