AMBER HOUSE FUND 5 (RF) LIMITED - Amber House Fund 5 (RF) Limited Rating Action by Moodys Investor Services

Amber House Fund 5 (RF) Limited Rating Action by Moody’s Investor Services

Amber House Fund 5 (RF)Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2017/052607/06)
ISSUER CODE: AMBI5


Amber House Fund 5 (RF) Limited Rating Action by Moody’s
Investor Services

In accordance with paragraph 6.8 of the JSE Debt Listings
Requirements, noteholders are hereby advised that on 26
November 2020, Moody’s Investors Service (“Moody’s) upgraded
Amber House Fund 5(RF) Limited’s notes to the following credit
rating:

  •   Class B1 Secured Floating Rate Notes National Scale
      Rating from Aa2.za to Aa1.za (the Class B Notes) (ISIN
      No. ZAG000154881; Bond Exchange Listing Code AHF5B1)


The rating upgrade of these notes follows the downgrade of the
ratings of the Government of South Africa to Ba2 from Ba1 with
a negative outlook on 20 November 2020, which resulted in the
recalibration of the mapping of the National Scale Ratings.

Further details on the rating action can be viewed on the
following link:

https://www.moodys.com/research/Moodys-takes-rating-actions-
on-South-African-RMBS-and-ABS--PR_436622

27 November 2020

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 27-11-2020 05:20:00
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