Enhanced Investments - Financial Portal

Capitec Bank (the wholly owned subsidiary of Capitec): Issuer credit ratings affirmed and outlook revised

Published: 2023-03-13 17:15:38 ET

Capitec Bank Holdings Limited
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
JSE ordinary share code: CPI ISIN code: ZAE000035861
JSE preference share code: CPIP ISIN code: ZAE000083838
("Capitec")

Capitec Bank Limited
Registration number 1980/003695/06
Incorporated in the Republic of South Africa
Registered bank
Company code: BICAP
Stock Code: CBL29
ISIN Code: ZAG000158874
Stock Code: CBL30
ISIN Code: ZAG000180977
Stock Code: CBL31
ISIN Code: ZAG000191933
(“Capitec Bank”)

CAPITEC BANK (THE WHOLLY OWNED SUBSIDIARY OF CAPITEC): ISSUER
CREDIT RATINGS AFFIRMED AND OUTLOOK REVISED

On 8 March 2023, S&P Global Ratings (“S&P”) revised their
outlook on the South African sovereign ratings from positive
to stable. S&P does not rate financial institutions in South
Africa above the foreign currency sovereign ratings. Following
this sovereign outlook revision, the outlook for Capitec
Bank’s global scale issuer ratings was changed on 13 March
2023 from positive to stable.

Capitec Bank’s global scale issuer ratings of ‘BB-/B’ were
affirmed along with the South Africa national scale ratings of
‘zaAA/zaA-1+’.

S&P indicates that the outlook on Capitec Bank’s ratings
mirrors that of the sovereign.

13 March 2023
Stellenbosch

Capitec Equity Sponsor: PSG Capital Proprietary Limited
Capitec Bank Debt Sponsor: PSG Capital Proprietary Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.