Enhanced Investments - Financial Portal

GCR Ratings upgrades Vukile issuer rating

Published: 2022-07-27 17:22:28 ET

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
Bond company code: VKEI
(Granted REIT status with the JSE)
(“Vukile”)


GCR RATINGS UPGRADES VUKILE ISSUER RATING


Vukile noteholders and shareholders are advised that Global Credit Rating Company Limited (“GCR”) has
released a credit rating announcement in which Vukile's national scale long-term issuer rating has been
upgraded to AA(za) (previously AA-(za)), with the short-term national scale issue rating affirmed at A1+(za), with
a Stable Outlook.

According to GCR, the issuer rating reflects “Vukile’s geographically diversified Spanish and South African
retail portfolio (at c. R33bn) focus on non-metropolitan, convenience-oriented shopping centres and retail
parks, that are primarily anchored with grocery or essential services tenants” and “recognises the REIT’s
commitment to maintaining balance sheet and liquidity strength.”

GCR’s credit rating announcement is publicly available on its website at:
https://gcrratings.com/announcements/

27 July 2022


JSE equity and debt sponsor                                        NSX sponsor

Java Capital                                                       IJG Securities (Pty) Ltd

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.