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THE THEKWINI FUND 13 (RF) LIMITED - T13-Credit Rating Amendment

Release Date: 08/04/2020 15:59
Code(s): T13A12 T13A16 TH13A4 TH13A8 T13A20 T13A11 T13A15 T13A19 T13A21 TH13A3 TH13A7 TH13B1 TH13B2 TH13B3 TH13B4 TH13B5 TH13C1 TH13C2 TH13C3 TH13C4 TH13C5 TH13D1 TH13D2     PDF:  
Wrap Text
T13-Credit Rating Amendment

The Thekwini Fund 13 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2014/064933/06)
ISSUER CODE: T13


The Thekwini Fund 13 (RF) Limited: Moodys ratings action

Moody’s Investor Services announced the following rating
actions in relation to the Notes outstanding under the The
Thekwini Fund 13 (RF) Limited programme:

Class of       Rating Type        Prior Rating   Current Rating
Notes
Class A3       Global Scale       A3 (sf)        A3 (sf)
               Rating
               National Scale     Aaa.za (sf)    Aaa.za (sf)
               Rating
Class A4       Global Scale       A3 (sf)        A3 (sf)
               Rating
               National Scale     Aaa.za (sf)    Aaa.za (sf)
               Rating
Class A7       Global Scale       A3 (sf)        A3 (sf)
               Rating
               National Scale     Aaa.za (sf)    Aaa.za (sf)
               Rating
Class A8       Global Scale       A3 (sf)        A3 (sf)
               Rating
               National Scale     Aaa.za (sf)    Aaa.za (sf)
               Rating
Class B1       Global Scale       Baa2 (sf)      Baa2 (sf)
               Rating
               National Scale     Aaa.za (sf)    Aaa.za (sf)
               Rating
Class B2       Global Scale       Baa2 (sf)      Baa2 (sf)
               Rating
               National Scale     Aaa.za (sf)    Aaa.za (sf)
               Rating
Class C1       Global Scale       Ba3 (sf)       Ba3 (sf)
               Rating
               National Scale     Baa1.za (sf)   A3.za (sf)
               Rating
Class C2       Global Scale       Ba3 (sf)       Ba3 (sf)
               Rating
               National Scale     Baa1.za (sf)   A3.za (sf)
               Rating
Class A11      Global Scale       A3 (sf)        A3 (sf)
               Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating


Class A12   Global Scale     A3 (sf)        A3 (sf)
            Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating
Class B3    Global Scale     Baa2 (sf)      Baa2 (sf)
            Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating
Class C3    Global Scale     Ba3 (sf)       Ba3 (sf)
            Rating
            National Scale   Baa1.za (sf)   A3.za (sf)
            Rating
Class A15   Global Scale     A3 (sf)        A3 (sf)
            Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating
Class A16   Global Scale     A3 (sf)        A3 (sf)
            Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating
Class B4    Global Scale     Baa2 (sf)      Baa2 (sf)
            Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating
Class C4    Global Scale     Ba3 (sf)       Ba3 (sf)
            Rating
            National Scale   Baa1.za (sf)   A3.za (sf)
            Rating
Class A19   Global Scale     A3 (sf)        A3 (sf)
            Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating
Class A20   Global Scale     A3 (sf)        A3 (sf)
            Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating
Class B5    Global Scale     Baa2 (sf)      Baa2 (sf)
            Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating
Class C5    Global Scale     Ba3 (sf)       Ba3 (sf)
            Rating
            National Scale   Baa1.za (sf)   A3.za (sf)
            Rating
Class A21   Global Scale     A3 (sf)        A3 (sf)
            Rating
            National Scale   Aaa.za (sf)    Aaa.za (sf)
            Rating
For more detail the Moody’s press release can be found through
the following link:
https://www.moodys.com/research/Moodys-takes-rating-actions-on-South-African-RMBS-and-ABS--
PR_421849



8 April 2020

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 08-04-2020 03:59:00
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