ACSA Rating Action By Moody’s Investor Services
Airports Company South Africa SOC Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/004149/30)
(“ACSA”) or (“the Company”)
Issuer Code: BIACSA
ACSA RATING ACTION BY MOODY’S INVESTOR SERVICES
In accordance with paragraph 6.8 of the JSE Debt Listings Requirements,
noteholders are hereby advised that on 05 April 2022, Moody’s Investors
Service affirmed the Ba2 Corporate Family Rating (CFR) and the Aa2.za
national scale long-term issuer rating of Airports Company South Africa
SOC Ltd. This rating action follows the affirmation of the government
and a change in outlook from negative to stable on 1 April 2022.
The rating outlook of Airports Company South Africa SOC Ltd remains
negative which largely reflects continued risks to the company’s credit
profile linked to the significant uncertainties around traffic recovery
prospects and the regulatory determination effective from 1 April 2023.
Further details on the rating action can be viewed on the following
Airports Company South Africa notes the rating action by Moody’s to affirm
both the Ba2 Corporate Family Rating (CFR) and the Aa2.za national scale long-term
06 April 2022
The Standard Bank of South Africa Limited
Date: 06-04-2022 11:55:00
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