THE THEKWINI FUND 14 (RF) LIMITED - Credit Rating Announcement

Credit Rating Announcement

The Thekwini Fund 14 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2015/327 767/06)
Instrument Code: TH14B1 ISIN: ZAG000140476
Instrument Code: TH14B2 ISIN: ZAG000141979
Instrument Code: TH14B3 ISIN: ZAG000143850

(“The Thekwini Fund 14”) or (“the Issuer”)

CREDIT RATING ANNOUNCEMENT

The Issuer wishes to advise noteholders that Moody’s Investor
Services (“Moody’s) has on 14th June 2017 amended the credit rating
assigned to certain tranches of notes issued and outstanding under
the Issuer’s asset-backed note programme.

The national Scale rating assigned to the Class B1, Class B2 and
Class B3 notes was upgraded to Aaa.za(sf) from Aa2.za(sf).

Further details can be found at the following web address:

https://www.moodys.com/

For further information on the Notes issued please contact:
Mike Brunke Standard Bank (Sponsor) (011) 721 8101
Email: mike.brunke@standardbank.co.za



29 June 2017

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 29/06/2017 01:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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