THTI-Credit Rating Adjustment:
THTI-Credit Rating Adjustment
The Thekwini Fund 15 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2017/052656/06)
ISSUER CODE: THTI
The Thekwini Fund 15 (RF) Limited: Moodys ratings action
Moody’s Investor Services announced the following rating
actions in relation to the Notes outstanding under the The
Thekwini Fund 15 (RF) Limited programme:
Class of Rating Type Prior Rating Current
Notes Rating
Class A1 Global Scale A2 (sf) A3 (sf)
Rating
National Scale Aaa.za (sf) Aaa.za (sf)
Rating
Class A2 Global Scale A2 (sf) A3 (sf)
Rating
National Scale Aaa.za (sf) Aaa.za (sf)
Rating
Class A3 Global Scale A2 (sf) A3 (sf)
Rating
National Scale Aaa.za (sf) Aaa.za (sf)
Rating
Class B1 Global Scale Baa3 (sf) Baa3 (sf)
Rating
National Scale Aa1.za (sf) Aaa.za (sf)
Rating
Class C1 Global Scale Ba2 (sf) Ba3 (sf)
Rating
National Scale A2.za (sf) A2.za (sf)
Rating
Class A4 Global Scale A2 (sf) A3 (sf)
Rating
National Scale Aaa.za (sf) Aaa.za (sf)
Rating
Class A5 Global Scale A2 (sf) A3 (sf)
Rating
National Scale Aaa.za (sf) Aaa.za (sf)
Rating
Class B2 Global Scale Baa3 (sf) Baa3 (sf)
Rating
National Scale Aa1.za (sf) Aaa.za (sf)
Rating
Class C2 Global Scale Ba2 (sf) Ba3 (sf)
Rating
National Scale A2.za (sf) A2.za (sf)
Rating
Class A7 Global Scale A2 (sf) A3 (sf)
Rating
National Scale Aaa.za (sf) Aaa.za (sf)
Rating
Class A8 Global Scale A2 (sf) A3 (sf)
Rating
National Scale Aaa.za (sf) Aaa.za (sf)
Rating
Class B3 Global Scale Baa3 (sf) Baa3 (sf)
Rating
National Scale Aa1.za (sf) Aaa.za (sf)
Rating
Class C3 Global Scale Ba2 (sf) Ba3 (sf)
Rating
National Scale A2.za (sf) A2.za (sf)
Rating
Class OM4 Global Scale P-2 (sf) P-2 (sf)
Rating
National Scale P-1.za (sf) P-1.za (sf)
Rating
For more detail the Moody’s press release can be found through
the following link:
https://www.moodys.com/research/Moodys-takes-rating-actions-on-South-African-RMBS-and-ABS--
PR_421849
8 April 2020
Debt Sponsor
The Standard Bank of South Africa Limited
Date: 08-04-2020 04:39:00
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