Fitch affirms Bidvest

Fitch Ratings said it affirmed The Bidvest Group Ltd.'s national ratings at long-term AA-(zaf) and short-term F1(zaf).

Fitch said the affirmation reflects Bidvest's strong performance despite the impact of the appreciating local currency.

Net debt/EBITDA at 0.2x is considered healthy taking into account the strong cash generation.

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