URBAN UBOMI 1 (RF) LIMITED - UBB1-Credit Rating Change

UBB1-Credit Rating Change

Urban Ubomi 1 RF Limited
 Incorporated in the Republic of South Africa
 (Registration number 2019/504294/06)
 (“Urban Ubomi”)


 BOND ISSUER CODE: UBB1

 GCR REVISED RATING OUTLOOKS ON URBAN UMOBI 1 (RF) LIMITED’S NOTES TO STABLE
 FROM RATING WATCH EVOLVING




 GCR Ratings (“GCR”) has revised the outlooks that relate to the following long-term issue credit ratings of the
 various Classes of Notes issued by Urban Ubomi 1 (RF) Limited (the “Issuer” or “Urban Ubomi 1”) from Rating
 Watch: Evolving to Stable:
                                        Issued Amount                                                                Outlook/
 Security Class       Stock Code                        Rating Class           Rating Scale         Rating
                                             (ZAR)                                                                 Rating Watch
 Class A1 Notes          UU1A01           199,652,465 Issue Long-Term            National          AAA(ZA)(sf)         Stable
 Class A2 Notes          UU1A02          309,000,000      Issue Long-Term        National          AA+(ZA)(sf)        Stable
 Class B Notes           UU1B01           73,000,000      Issue Long-Term        National           A-(ZA)(sf)        Stable
 Class C Notes          UU1C01            25,000,000      Issue Long-Term        National          BBB(ZA)(sf)        Stable


Detailed information may be obtained on the below link:
www.gcrratings.com




Johannesburg
27 July 2021

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 27-07-2021 03:59:00
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