Pepkor receives low-risk credit rating from Moody’s
Retailer aims to diversify funding and reduce financing costs
27 January 2020 - 09:12
Pepkor, which changed its name from Steinhoff Africa Retail in 2018 to distance itself from its embattled majority shareholder, said on Monday that Moody’s Investors Service has assigned it a low-risk credit rating.
Moody’s assigned Pepkor an A3.za rating, which is four ratings above junk status, and is considered low-risk...
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