| Thu 19 May 2016, 12:04 | | THE THEKWINI FUND 11 (RF) LIMITED - New Credit Rating Agency |
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TH11A3 TH11A6 TH11A1 TH11A2 TH11A4 TH11A5 TH11A7 TH11A8 TH11B1 TH11B2 TH11B3 TH11C1 TH11C2 TH11C3 201605190026A
New Credit Rating Agency
The Thekwini Fund 11 (RF) Ltd
(Incorporated with limited liability in the Republic of South Africa)
Registration number 2013/020930/06)
Bond Codes: TH11A1, TH11A2, TH11A3, TH11A4, TH11A5, TH11A6, TH11A7, TH11A8, TH11B1,
TH11B2, TH11B3, TH11C1, TH11C2, TH11C3
(“Thekwini 11”) or (“the Company”)
New Credit Rating Agency
Noteholders are advised that Thekwini 11 has appointed Global Credit Rating
Co. (“GCR”) as the replacement credit rating agency for Fitch Ratings
(“Fitch”). This replacement was as a result of an announcement by the
Registrar of Credit Rating Agencies dated 4 September 2015 advising of the
decision to deregister Fitch as a credit rating agency.
In September 2015, Fitch affirmed all ratings assigned to notes issued by
Thekwini 11. On 29 April 2016, GCR assigned ratings to notes issued by
Thekwini 11 as follows:
Instrument Bond Code Prior National New National GCR
Scale Rating Scale Rating Outlook
(Fitch) (GCR)
ZAG000107376 TH11A1 AAA(zaf) AAA(ZA)(sf) Stable
ZAG000107335 TH11A2 AAA(zaf) AAA(ZA)(sf) Stable
ZAG000107327 TH11A3 AAA(zaf) AAA(ZA)(sf) Stable
ZAG000110289 TH11A4 AAA(zaf) AAA(ZA)(sf) Stable
ZAG000110297 TH11A5 AAA(zaf) AAA(ZA)(sf) Stable
ZAG000110305 TH11A6 AAA(zaf) AAA(ZA)(sf) Stable
ZAG000114307 TH11A7 AAA(zaf) AAA(ZA)(sf) Stable
ZAG000114323 TH11A8 AAA(zaf) AAA(ZA)(sf) Stable
ZAG000107343 TH11B1 A+(zaf) AA(ZA)(sf) Stable
ZAG000110313 TH11B2 A+(zaf) AA(ZA)(sf) Stable
ZAG000114331 TH11B3 A+(zaf) AA(ZA)(sf) Stable
ZAG000107350 TH11C1 BBB-(zaf) BBB(ZA)(sf) Stable
ZAG000110263 TH11C2 BBB-(zaf) BBB(ZA)(sf) Stable
ZAG000114349 TH11C3 BBB-(zaf) BBB(ZA)(sf) Stable
GCR has published the full rating report on Thekwini 11 which is available
online at:
https://globalratings.net/news/article/the-thekwini-fund-11-rf-limited-ndash-
new-ratings-accorded
Johannesburg
19 May 2016
Debt Sponsor
The Standard Bank of South Africa Limited
Date: 19/05/2016 12:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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