Moody's Adjusts Hyprop Investments Limited Credit Rating
Noteholders are advised of Moody’s Investor Services (“Moody’s”) rating actions on 11 South African corporates including Hyprop Investments Limited, which were driven by Moody’s decision to confirm South Africa’s government issuer rating at Baa3 with a stable outlook on 23 March 2018. Moody’s rating action decision on the South African government issuer rating reflects the view that the previous weakening of South Africa’s institutional framework will gradually reverse under a more transparent, predictable policy framework.
On 28th March 2018, Moody’s confirmed Hyprop Investments Limited’s (“Hyprop”) global scale rating of Baa3/Aa1.za long-term (negative outlook).
The detailed press release regarding this is available for viewing on the Moody’s website: https://www.moodys.com