Standard & Poor's Ratings Services
Liberty Group Limited's long term rating
zaAAA
South African national scale credit rating
Non-deferrable subordinate notes
za.AA
South African national scale credit rating
Deferrable subordinate notes
za.A+
South African national scale credit rating
*Non-deferrable subordinated notes: LGL04 and LGL05; Deferrable subordinated notes: LGL06, LGL07, LGL08, LGL09 and LGL10