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Global Credit Rating Co Affirms Sasfin Bank Limited National Scale Issuer Credit Ratings

Published: 2023-12-19 09:01:04 ET

SASFIN HOLDINGS LIMITED
(Incorporated in The Republic of South Africa)
(Registration Number 1987/002097/06)
Share code: SFN
ISIN: ZAE000006565
(“Sasfin Holdings” or “the Company”)


GLOBAL CREDIT RATING CO (“GCR”) AFFIRMS SASFIN BANK LIMITED’S NATIONAL SCALE
ISSUER CREDIT RATINGS WITH A RATING WATCH EVOLVING OUTLOOK


On 18 December 2023 GCR affirmed the national scale rating assigned to Sasfin Bank Limited of
BBB+(ZA) and A2 (ZA) in the long and short term respectively. GCR has concurrently affirmed the
international scale long and short-term issuer ratings of B/B with a Stable outlook. GCR placed the
national scale ratings on Ratings Watch Evolving following the planned disposal of Sasfin Bank
Limited’s Capital Equipment Finance and Commercial Property Finance businesses, with the outlook
remaining Stable.

The ratings are supported by the moderately strong capital and leverage position, good liquidity levels
against the funding structure.

The full report on the ratings published by GCR is available on Sasfin Holdings’ website:
https://www.sasfin.com/investor-relations/


Johannesburg
19 December 2023


Sponsor
Questco Corporate Advisory 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.