TOYOTA FIN SERVICES (SA) LIMITED - Moody's Investor Services repositions Toyota Fund Services' national scale ratings and assigns a long term rating

Moody's Investor Services repositions Toyota Fund Services' national scale ratings and assigns a long term rating

Toyota Financial Services (South Africa) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1982/010082/06)
Company code: BITOY
(“Toyota Financial Services”)


MOODY'S INVESTOR SERVICES REPOSITIONS TOYOTA FUND SERVICES' NATIONAL
SCALE RATINGS AND ASSIGNS A LONG TERM RATING

Noteholders are advised that Moody's Investors Service (“Moody’s”)
has, on 11 May 2016, repositioned Toyota Fund Services’ national
scale ratings to (P)Aa.za from (P)Aa1.za and assigned a long term
rating of Aa3, with a stable outlook.

Noteholders are referred to the press releases by Moody’s for any
additional information.


16 May 2016

Debt Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

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