Supergroup

18/11/2011

Fitch upgrades Super Group’s credit ratings

Super Group is pleased to report that Fitch Ratings has upgraded Super Group’s National Long-term rating and National Senior unsecured ratings to ‘Investment Grade: Good Credit Quality’ (BBB-(zaf)) from ‘Speculative’(BB+(zaf)).

At the same time, Super Group’s National Short-term rating was upgraded to ‘Fair’ (F3(zaf)) from ‘Speculative’ (B(zaf)). The Outlook on the Long-term rating is Stable.

Super Group is pleased that the upgrade of its ratings reflects significant deleveraging by the group at end-June 2011 as a result of strong shareholder and lender support, evidenced by the stable cash flows within Super Group’s continuing operations, notably the full maintenance lease and supply chain management businesses.

Source: JSE SENS Department