Old Mutual Limited Revised long-term national scale credit rating (0342V)
28 Novembre 2019 - 2:31PM
UK Regulatory
TIDMOMU
RNS Number : 0342V
Old Mutual Limited
28 November 2019
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "the Company")
Ref 47/19
28 November 2019
REVISED LONG-TERM NATIONAL SCALE CREDIT RATING
On 22 November 2019 S&P Global Ratings ("S&PGR") revised
its outlook on the foreign and local currency sovereign rating on
South Africa to negative, from stable. On 26 November 2019
S&PGR subsequently revised the long-term national scale credit
rating of OML to 'zaA+' from 'zaAA-'.
The ratings actions by S&PGR have also impacted the ratings
of Old Mutual Life Assurance Company (South Africa) Limited's
subordinated deferrable debt, as detailed in a separate
announcement released today.
Sponsors
Johannesburg Stock Exchange Merrill Lynch South Africa (Pty) Limited
Namibia PSG Wealth Management (Namibia) (Proprietary)
Limited
Zimbabwe Imara Capital Zimbabwe plc
Malawi Stockbrokers Malawi Limited
Enquiries
Investor Relations
Sizwe Ndlovu T: +27 (0)11 217 1163
Head of Investor Relations E: tndlovu6@oldmutual.com
Communications
Tabby Tsengiwe T: +27 (11) 217 1953
Head of Communications M: +27 (0)60 547 4947
E: ttsengiwe@oldmutual.com
Notes to Editors
About Old Mutual Limited
Old Mutual is a premium African financial services group that
offers a broad spectrum of financial solutions to retail and
corporate customers across key markets segments in 14 countries.
Old Mutual's primary operations are in South Africa and the rest of
Africa, and it has a niche business in Asia. With over 174 years of
heritage across sub-Saharan Africa, we are a crucial part of the
communities we serve and broader society on the continent.
For further information on Old Mutual, and its underlying
businesses, please visit the corporate website at
www.oldmutual.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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November 28, 2019 08:31 ET (13:31 GMT)
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