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Thekwini Fund 8 Limited - Moodys Rating Action

Release Date: 07/12/2012 08:47
Code(s): THE8B1 THE8C1     PDF:  
Wrap Text
Moody’s Rating Action

The Thekwini   Fund   8   (Proprietary)   Limited   –   Moody’s   Rating
Action

Date: 7 December 2012

The Thekwini Fund 8 (Proprietary) Limited

Stock Code: THE8B1, THE8C1

ISIN Code: ZAG000082470, ZAG000082488

Total notes issued                   R1,650,200,000

Sponsor: Standard Bank

MOODY’S INVESTOR SERVICE TAKES RATING ACTIONS ON THE8B1 and
THE8C1 ISSUED BY THE THEKWINI FUND 8 (PROPRIETARY) LIMITED
(“THEKWINI 8”).

Moody’s yesterday downgraded the Thekwini 8 Class B Notes
(THE8B1) from Aa3.za to A2.za (stable) and the Class C Notes
(THE8C1) from A3.za to Baa3.za (stable).

A full statement can be found at the following address
http://www.moodys.com/research/Moodys-review-of-South-African-
RMBS-sector-triggers-rating-actions--PR_261493.

Further information on the Note issued please contact:
Mike Brunke              SBSA (Sponsor)      (011) 378 8101
Email: mike.brunke@standardbank.co.za
Matthew Mutch            SAHL (Servicer)     (031) 576 5724
Email: matthewm@sahomeloans.com

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