Moody's affirms Imperial Group

Moody's Investors Service said it affirmed the following global-scale ratings of Imperial Group (Pty) Ltd: Baa1 local currency and foreign currency long-term issuer ratings, fully and unconditionally guaranteed by Imperial Holdings Ltd., with a stable outlook.

Moody's said it also affirmed the following national-scale ratings: Aa3(za) long-term and prime-1(za) short-term issuer ratings.

According to Moody's, the Baa1-global-scale ratings reflect Imperial's global default and loss expectation, while the national-scale ratings reflect the standing of Imperial's credit quality relative to its domestic peers.

All ratings assigned factor Imperial's diversified and highly integrated mix of related businesses operating in a common value chain around the transport and mobility sectors, Moody's said.

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