Edcon Limited -- Moody's downgrades Edcon to Ca, outlook stable

London, 07 October 2016 -- Moody's Investors Service, ("Moody's") has today downgraded to Ca from Caa3 the corporate family rating (CFR) of Edcon Holdings Limited (Edcon) and has affirmed the probability of default rating at Ca-PD/LD. The limited default "LD" designation appended to Edcon's probability of default rating continues to reflect the deferral of interest payments in March and September 2016 to December 2016, which constitutes a default under Moody's definition. The limited default designation will remain until the company resolves the missed payment.

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