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NQABA FINANCE 1 (RF) LIMITED - GCR Rating Action - Nqaba

Release Date: 25/04/2022 17:15
Code(s): NQ1B10 NQ1A10 NQ1A28 NQ1B17 NQ1A25 NQ1B21 NQ1C17 NQ1A27 NQF1D5 NQ1A24 NQ1B20 NQ1C10     PDF:  
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GCR Rating Action - Nqaba

NQABA FINANCE 1 (RF) LIMITED
Registration Number 2005/040050/07
(JSE Alpha code: NQA)
(“NQABA" or the “Issuer”)

Nqaba –New Credit Ratings to the Notes

Bondholders are advised that GCR Ratings (“GCR”) has assigned the following national and
international scale issue ratings to the notes issued by Nqaba with effect from 22 April 2022.

New Credit Ratings:


                           National Scale Issue    International Scale   Outlook
                           Rating                  Issue Rating
      NQ1A10 -
      ZAG000077686         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1A24 -
      ZAG000143991         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1A25 -
      ZAG000144007         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1A27 -
      ZAG000151531         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1A28 -
      ZAG000159583         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1B10 -
      ZAG000077702         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1B17 -
      ZAG000126467         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1B20 -
      ZAG000151549         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1B21 -
      ZAG000159591         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1C10 -
      ZAG000077694         AAA(ZA)(sf)             BB(sf)                Stable

      NQ1C17 -
      ZAG000126459         AAA(ZA)(sf)             BB(sf)                Stable

      NQF1D5 -
      ZAG000077678         AAA(ZA)(sf)             BB(sf)                Stable




The full rating report is available on GCR Ratings website at
https://gcrratings.com/announcements/gcr-assigns-national-and-international-scale-issue-ratings-
to-notes-issued-by-nqaba-finance-1-rf-ltd-outlooks-stable/

For further information, please contact:
Eskom Finance Company SOC Ltd
Megawatt Park
Maxwell Drive
Sunninghill
2157
Ettienne Bester
Tel +27 11 800 5405
Email: besteret@eskom.co.za

Johannesburg

25 April 2022

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 25-04-2022 05:15:00
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