Enhanced Investments - Financial Portal

Global Credit Ratings downgrades the ratings and places them on Rating Watch Negative

Published: 2024-02-22 18:00:36 ET

                                                                  TransCapital Investments Limited
             Transaction Capital Limited
                                                           (Incorporated in the Republic of South Africa)
  (Incorporated in the Republic of South Africa)
                                                               Registration Number: 2016/130129/06
       Registration Number: 2002/031730/06
                                                                      Bond company code: TCII
                 JSE share code: TCP
                                                               LEI NUMBER: 378900AA31160C6B8195
                 ISIN: ZAE000167391
     (“Transaction Capital” or “the Company”)



GLOBAL CREDIT RATINGS DOWNGRADES THE RATINGS ON TRANSACTION CAPITAL
LIMITED AND PLACES THEM ON RATING WATCH NEGATIVE DUE TO THE ONGOING
CORPORATE RESTRUCTURING

GCR Ratings (“GCR”) has downgraded the long and short-term South African national scale issuer credit
ratings on Transaction Capital Limited to A-(ZA) and A2(ZA) respectively, from A(ZA) and A1(ZA) respectively, with
a Rating Watch Negative. At the same time, the long-term international scale rating has been affirmed at B+
with a Rating Watch Negative.

A full ratings report will be uploaded onto the website once made available by GCR. Shareholders and
noteholders are referred to the Company’s website on www.transactioncapital.co.za.

Sandton
22 February 2024

Enquiries:
Lisa Lill – Company Secretary
Email: lisal@transactioncapital.co.za

Sponsors:
Equity Sponsor: Investec Bank Limited
Debt Sponsor: Rand Merchant Bank (a division of FirstRand Bank 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.