S&P lifts Super Group

Standard & Poor’s said it raised the long-term national scale rating on Super Group Ltd. to zaA+ from zaA.

The agency also said it assigned the company a short-term national scale rating of zaA-1.

The upgrade reflects the better-than-anticipated performance of Super Group in financial year 2014 and so far in financial year 2015, S&P said.

This has meant that the company’s financial ratios are now stronger than previously forecast, the agency said.

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