WOOLWORTHS HOLDINGS LIMITED - WHLI- Notification of an affirmation of the company´s credit rating: `zaA-´ rating affirmed and credit watch removed
September 30, 2020 at 11:20 am EDT
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WOOLWORTHS HOLDINGS LIMITED - WHLI- Notification of an affirmation of the company´s credit rating: `zaA-´ rating affirmed and credit watch removed
WOOLWORTHS HOLDINGS LIMITED - WHLI- Notification of an affirmation of the company´s credit rating: `zaA-´ rating affirmed and credit watch removed
WHLI- Notification of an affirmation of the company´s credit rating: `zaA-´ rating affirmed and credit watch removed
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
LEI: 37890095421E07184E97
Bond code: WHLI
('WHL' or 'Company')
NOTIFICATION OF AN AFFIRMATION OF THE COMPANY´S CREDIT RATING: `zaA-´
RATING AFFIRMED AND CREDIT WATCH REMOVED
Senior Unsecured Floating Rate Noteholders are advised that S&P Global Ratings ('S&P')
affirmed the credit rating of WHL with effect from 29 September 2020. The rating review by
S&P has also resulted in the credit watch being removed by S&P.
30 September 2020
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30-09-2020 05:15:00
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2020-09-30 17:15:00 Source: JSE News Service (SENS)
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Woolworths Holdings Ltd. published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2020 15:19:01 UTC
WoolWorths Holdings Limited is one of the South African leaders in retailing. Net sales break down by activity as follows:
- distribution of clothes and consumer products (49.3%): clothes for men, women and children, shoes, beauty products, accessories and homeware;
- distribution of food products (47.3%);
- other (3.4%): primarily financial services.
At the end of June 2021, the group had a network of 1,279 stores broken down by name into WoolWorths (545), Country Road (689) and David Jones (45).
Net sales break down geographically as follows: South Africa (61.4%), Africa (2.5%), Australia and New Zealand (36.1%).