T16-Credit Rating Action:
T16-Credit Rating Action
The Thekwini Fund 16 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2018/418593/06)
ISSUER CODE: TKWI16
The Thekwini Fund 16 (RF) Limited: Moodys ratings action
Moody’s Investor Services announced the following rating
actions in relation to the Notes outstanding under The
Thekwini Fund 16 (RF) Limited programme:
Class of Rating Type Prior Rating Current
Notes Rating
Class OM1 Global Scale P-2 (sf) P-2 (sf)
Rating
National P-1.za (sf) P-1.za (sf)
Scale Rating
Class A1 Global Scale A2 (sf) A3 (sf)
Rating
National Aaa.za (sf) Aaa.za (sf)
Scale Rating
Class A2 National Aaa.za (sf) Aaa.za (sf)
Scale Rating
Global Scale A2 (sf) A3 (sf)
Rating
Class A3 Global Scale A2 (sf) A3 (sf)
Rating
National Aaa.za (sf) Aaa.za (sf)
Scale Rating
Class B1 Global Scale Baa3 (sf) Baa3 (sf)
Rating
National Aaa.za (sf) Aaa.za (sf)
Scale Rating
Class C1 Global Scale Ba3 (sf) Ba3 (sf)
Rating
National A3.za (sf) A3.za (sf)
Scale 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 05:16:00
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