SUPERDRIVE INVESTMENTS (RF) LIMITED - Credit Ratings Action by Moodys Investors Service

Credit Ratings Action by Moody’s Investors Service

SuperDrive Investments (RF) Limited
Incorporated in the Republic of South Africa
(Registration number 2011/000895/06)
(“SuperDrive” or “the Issuer”)

Instrument Code: SPDA8       ISIN Code: ZAG000135872
Instrument Code: SPDA10      ISIN Code: ZAG000138900
Instrument Code: SPDA11      ISIN Code: ZAG000145939
Instrument Code: SPDA12      ISIN Code: ZAG000145947
Instrument Code: SPDA13      ISIN Code: ZAG000161787


CREDIT RATINGS ACTION BY MOODY’S INVESTORS SERVICE


Noteholders are referred to the Moody’s Investors Service (“Moody’s) press release on 3 April 2020 and ratings
action on various South African auto loan ABS, including the ratings of SuperDrive’s Notes.

Moody’s downgraded the global scale rating of SuperDrive’s Class A8, Class A10, Class A11, Class A12 and
Class A13 Notes to Baa1 (sf) from A3 (sf), and affirmed the ‘Aaa.za (sf)’ national scale rating of such Notes.

These rating actions follow Moody’s decision on 27 March 2020 to downgrade the Government of South Africa’s
long-term foreign currency and local currency issuer ratings to Ba1 from Baa3, and retain the outlook as
negative.


Johannesburg
6 April 2020


Debt Sponsor
Merchantec Capital

Transactional Debt Sponsor
Standard Bank, acting through its Corporate and Investment Banking division

Date: 06-04-2020 04:04:00
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