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SENS Releases 2016

  • Telkom SA SOC LimitedView PDF »
  • (Registration number 1991/005476/30)
  • JSE share code: TKG
  • ISIN: ZAE000044897
  • ("Telkom" or "the Company")

Moody’s Recalibrates South Africa's National Rating Scale and Repositions National Scale Ratings of Non-Financial Corporates

Noteholders are advised of Moody's Investor Services ("Moody's") recent decision to recalibrate the National Scale Rating ("NSR's") of 17 South African non-Financial corporates in conjunction with the recalibration of the South African national rating scale. In addition to the above, Moody's has also assigned global scale ratings (GSR's) to these issuers for the first time.

As a consequence to this methodology adjustment, Telkom's NSR Issuer Rating (local currency) has been repositioned to a higher rating from A2.za. to Aa2.za The principal methodology used in rating Telkom was Global Telecommunications Industry published in December 2010 and the last rating action taken was on 1 October 2012.

The detailed press release regarding this is available for viewing on the Moody's website: https://www.moodys.com/research/Moodys-recalibrates-South-Africas-national-rating-scale-and-repositions-national--PR_348432

Centurion

12 May 2016

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The Standard Bank of South Africa Limited