GREENHOUSE FUNDING III (RF) LIMITED - Moodys assigns definitive ratings to notes issued by Greenhouse Funding III (RF) Limited

Moody’s assigns definitive ratings to notes issued by Greenhouse Funding III (RF) Limited

Greenhouse Funding III (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2013/210846/06)

JSE Code: GH31A1
ISIN No: ZAG000125329

JSE Code: GH31A2
ISIN No: ZAG000125337

JSE Code: GH31A3
ISIN No: ZAG000125345

JSE Code: GH31B
ISIN No: ZAG000125352

JSE Code: GH31C
ISIN No: ZAG000125360



MOODY’S ASSIGNS DEFINITIVE RATINGS TO NOTES ISSUED BY GREENHOUSE
FUNDING III (RF) LIMITED

Following the press release by the FSB dated 4 September 2015
advising of the decision to deregister Fitch ratings as a rating
agency, Greenhouse Funding III (RF) Limited has appointed Moody’s
Investors Service (Moody’s) as the replacement rating agency.

On 16 May 2017, Moody’s assigned the following definitive long-
term credit ratings to the notes issued by Greenhouse Funding III
(RF) Limited:

ZAR 503,483,826 Class A1 Secured Floating Rate Note due July 2041,
Definitive Rating Assigned A1 (sf) / Aaa.za (sf)

ZAR 400,000,000 Class A2 Secured Floating Rate Note due July 2041,
Definitive Rating Assigned A1 (sf) / Aaa.za (sf)

ZAR 680,000,000 Class A3 Secured Floating Rate Note due July 2041,
Definitive Rating Assigned A1 (sf) / Aaa.za (sf)

ZAR 80,000,000 Class B Secured Floating Rate Note due July 2041,
Definitive Rating Assigned Baa1 (sf) / Aaa.za (sf)

ZAR 65,000,000 Class C Secured Floating Rate Notes due July 2041,
Definitive Rating Assigned Baa2 (sf) / Aa1.za (sf)



Date: 17 May 2016
Debt Sponsor: Nedbank CIB

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