TOYOTA FIN SERVICES (SA) LIMITED - Credit Rating Announcement
TFS135 TFS136 TFS146 TFS141 TFS142 TFS143 TFS139 TFS117 TFS123 TFS144 TFS145 TFS128 TFS129 TFS130 201710020051A
Credit Rating Announcement
Toyota Financial Services (South Africa) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1982/010082/06)
Company code: BITOY
(“Toyota Financial Services” or “the Issuer”)
CREDIT RATING ANNOUNCEMENT
Noteholders are advised that the Issuer has formally accepted the rating assigned by Moody’s
Investor Service (“Moody’s”) on 29 September 2017. Moody’s has assigned the Issuers senior
unsecured domestic medium term-note programme, on a global scale, a rating of (P)A1 from (P)Aa3;
with the outlook accorded as stable.
The full report may be retrieved at the below link
https://www.moodys.com/research/Moodys-downgrades-Toyota-Financial-Services-South-Africas-
global-scale-rating--PR_372416
2 October 2017
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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