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SENS Releases 2017

  • Telkom SA SOC LimitedView PDF »
  • (Registration number 1991/005476/30)
  • JSE Bond code: TL20
  • ISIN Code ZAG000142704
  • ("Telkom" or "the company")

Amendment to Telkom SA SOC Limited’s (“Telkom” or “the Company”) credit ratings

In accordance with paragraph 4.26 of the JSE Debt Listings Requirements, noteholders are hereby advised of the amendment to Telkom’s credit rating effective on 12 June 2017.

Moody’s Investors Service (“Moody’s” or “the agency”) has affirmed Telkom’s rating of Baa3 with a negative outlook.

This rating action follows the weakening of the South African government’s credit profile, as captured by Moody’s lowering of the South African sovereign ratings on 9 June 2017.

For commentary on detailed ratings taken on Telkom please refer to the Mood’s press release on their website: https://www.moodys.com/research/Moodys-downgrades-South-Africas-rating-to-Baa3-and-assigns-negative--PR_367769

Johannesburg
14 June 2017

Debt Sponsor: The Standard Bank of South Africa Limited