PSG KONSULT LIMITED - PSG Konsult Credit Rating and Outlook Unchanged
24 June, 2015 - Posted at - 16:20:00
KST 201506240059A<BR>
PSG Konsult Credit Rating and Outlook Unchanged<BR>
<BR>
PSG Konsult Limited<BR>
(Incorporated in the Republic of South Africa)<BR>
Registration Number: 1993/003941/06<BR>
JSE Share Code: KST<BR>
NSX Share Code: KFS<BR>
ISIN Code: ZAE000191417<BR>
(“PSG Konsult”)<BR>
<BR>
PSG KONSULT CREDIT RATING AND OUTLOOK UNCHANGED<BR>
<BR>
Shareholders are advised that the rating agency Global Credit<BR>
Rating Company (“GCR”), having upgraded PSG Konsult's long-term<BR>
rating in August 2014, affirmed the national scale ratings assigned<BR>
to PSG Konsult of BBB+(ZA) and A2(ZA) in the long term and short<BR>
term respectively, with the outlook for both ratings remaining<BR>
stable.<BR>
<BR>
GCR states, “PSG Konsult's position is enhanced by its well defined<BR>
strategy, within the complimentary business lines of wealth<BR>
management, asset management and insurance. PSG Konsult has<BR>
developed robust risk management procedures to monitor the various<BR>
risks facing the business, including regulatory compliance and<BR>
counterparty risk. In addition, cash flows are monitored daily to<BR>
ensure PSG Konsult can meet all its statutory capital and liquidity<BR>
requirements across the various businesses.”<BR>
<BR>
<BR>
Tyger Valley<BR>
24 June 2015<BR>
JSE sponsor: PSG Capital Proprietary Limited<BR>
NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited,<BR>
member of the Namibian Stock Exchange<BR>
<BR>
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