Murray & Roberts credit ratings downgraded and subsequently withdrawn

Murray & Roberts Holdings Limited [JSE:MUR] announced today that GCR Ratings has revised its credit ratings, downgrading the national scale long-term issuer rating to C(ZA), while affirming the short-term rating at C(ZA). Concurrently, both the long-term and short-term ratings have been withdrawn, resulting in a final rating of WD(ZA). The downgrade is attributed to the company's recent announcement on SENS, dated 20 May 2025, regarding its intention to initiate a voluntary liquidation process. GCR Ratings cited analytical reasons for the withdrawal, stating that it will no longer have sufficient timely information to provide ratings or analytical coverage for the Group. The announcement was made from Bedfordview on 29 May 2025. The Standard Bank of South Africa Limited acted as sponsor for the announcement.