Pepkors credit rating review by Moodys
Credit ratingNot material
In brief
Moody's has concluded a periodic review of the group with no change to its credit ratings. Its Corporate Family Rating remains Ba2 and its National Scale Long Term Rating is Aa1.za, both with a stable outlook.
The announcement
Pepkor’s credit rating review by Moody’s PEPKOR HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2017/221869/06) Share Code: PPH Debt Code: PPHI LEI: 3789006D677C34F69875 ISIN: ZAE000259479 (“Pepkor” or the “group”) PEPKOR’S CREDIT RATING REVIEW BY MOODY’S Shareholders and noteholders are advised that the rating agency Moody's Investors Service (“Moody's”) has concluded a periodic review of Pepkor with no change to credit ratings. Pepkor’s Corporate Family Rating is Ba2 and its National Scale Long Term Rating is Aa1.za with a stable outlook. Moody’s highlights Pepkor's strong position in South Africa's value-focused non-grocery retail market, stable profitability and robust credit metrics, despite weakening household spending. Pepkor’s credit rating underpins its R10 billion Domestic Medium-Term Note (DMTN) Programme, established in 2020 to diversify funding sources and optimise the group’s cost of capital. Through multiple successful issuances since then, Pepkor has consistently secured market-leading rates, reflecting investors’ confidence in its defensive, resilient business model and supporting its market-leading growth strategy. Parow 30 October 2026 Equity and Debt Sponsor Investec Bank Limited 1 Date: 30/10/2026 09:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.