TRANSSEC 3 (RF) LIMITED - Credit Rating Upgrade of TRA3B1 and TRA3B2

Credit Rating Upgrade of TRA3B1 and TRA3B2

Transsec 3 (RF) Limited
Credit Rating Upgrade

Date: 16 January 2020

Stock Code: TRA3B1 and TRA3B2

On 13 January 2020, Moody’s Investor Services upgraded the class B1 and B2 notes issued by Transsec
3 (RF) Limited. The rating outcome is summarised below:

                               Stock Code       Prior Rating             New Rating
                                TRA3B1          Aa3.za (sf)              Aa1.za (sf)
                                TRA3B2          Aa3.za (sf)              Aa1.za (sf)

The class A notes were all affirmed at the current Aaa.za (sf) rating.


Moody’s press release can be found through the following link:
https://www.moodys.com/research/Moodys-upgrades-ratings-in-Transsec-3-RF-Limited--
PR_416735

Debt Sponsor
The Standard Bank of South Africa Limited



Date: 16-01-2020 10:56:00
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