London, 18 April 2016 -- Moody's Investors Service ("Moody's") today downgraded Edcon Holdings Limited's ("Edcon") corporate family rating (CFR) to Caa3 from Caa1 and its Probability of Default Rating to Ca-PD/LD from Caa1-PD. The limited default "LD" designation appended to Edcon's probability of default rating reflects that the missed interest payment constitutes a default under Moody's definition. The limited default designation will remain until the company resolves the missed payment.
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