To view the PDF file, sign up for a MySharenet subscription.

MERCEDES-BENZ SOUTH AFRICA LIMITED - MBSA Rating Action By Moodys Investor Services MEC

Release Date: 25/11/2020 16:15
Wrap Text
MBSA Rating Action By Moody’s Investor Services MEC

Mercedes-Benz South Africa Limited (Incorporated in the Republic of
South Africa) (Registration No. 1962/000271/06)
Bond Issuer code: MEC


In accordance with paragraph 6.8 of the JSE Debt Listings
Requirements, noteholders are hereby advised that on 25 November
2020, Moody’s Investors Service (“Moody’s) downgraded Mercedes-Benz
South Africa Limited’s ("MBSA") backed senior unsecured domestic
medium-term note (DMTN) program’s global scale long-term issuer
ratings from (P)A3 to (P)Baa1. Moody's also affirmed MBSA's backed
senior unsecured MTN long term national scale program rating of and the backed other short term national scale rating of P- Moody’s affirmed the backed other short-term global scale
rating at (P)P-2.

The rating downgrade of MBSA follows the downgrade of the ratings of
the Government of South Africa to Ba2 from Ba1 with a negative
outlook on 20 November 2020.

Further details on the rating action can be viewed on the following


25 November 2020
Debt Sponsor
The Standard Bank of South Africa Limited

Date: 25-11-2020 04:15:00
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.

Share This Story