20
Nov
Staff Writer Pepkor Holdings has received a boost from Moody’s Investors Service after the agency completed its latest review of the retail group. The review resulted in no changes to Pepkor’s credit ratings, confirming the company’s solid financial position in a difficult economic climate. Moody’s kept Pepkor’s Corporate Family Rating at Ba2 and its National Scale Long-Term Rating at Aa1.za. Both ratings carry a stable outlook. The agency said the ratings reflect Pepkor’s strong position in South Africa’s retail sector, supported by conservative financial management, good liquidity, and strong credit metrics. Moody’s noted that the group continues to deliver growth…
