Credit rating received from Global Credit Rating

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The Board were pleased to announce that Klapton had received its first credit rating of B- (stable), international scale, from the South African agency Global Credit Rating (GCR), part of the Carlyle Group.

Shay Reches, the CEO of Klapton commented “This is an historic moment for Klapton as it provides the Company with a market-accredited rating and as a consequence is expected to provide a significant benefit in the volume and quality of business.

The Board would like to thank Klapton’s staff for the tremendous hard work in the past 6 months in providing the platform for the rating.”

Mr Reches added that ”The Board is committed to taking steps to ensure that the rating is improved by the next rating assessment in October 2017.”