Fitch ups Super Group outlook to stable

Fitch Ratings said it changed Super Group Ltd.'s national long-term outlook to stable from negative.

The national ratings are affirmed at long-term A-(zaf) and short-term F2(zaf), the agency said.

Fitch noted that the revised outlook follows evidence of adequate measures being put in place by Super Group regarding the refinancing of its ZAR900m bond, payable in June 2008.

The rating affirmation is supported by the company's strong capabilities and leadership in the integrated supply chain and fleet solutions market. Its annuity-based nature of contracts with blue-chip corporates and diversified client base ensure sustainable operating performance, Fitch added.

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