AB FINCO 1 (RF) LIMITED - ABF007 - Credit Rating Amendment

ABF007 - Credit Rating Amendment

AB FINCO 1 (RF) LIMITED
Bond Code: ABF007
ISIN: ZAG000165515


CREDIT RATING ANNOUNCEMENT

GCR Ratings (“GCR”) has downgraded the following national scale long term issue credit rating for the
Notes issued by AB Finco 1 (RF) Limited (“AB Finco 1” or the “Issuer”) under its Series 7.

The rating of the Notes reflects the ability of each underlying borrower to make the payments due in
accordance with the terms of each respective Loan Agreement sold to the Issuer. GCR’s ratings of the
issued Notes in respect of each Series are therefore based on a credit linkage approach to the long-term
unsecured credit ratings of the respective underlying borrowers.


 Transaction Stock Code         Amount         Rating Class         Rating         Outlook

 Series 7      ABF007           R2.09bn        Long Term Issue      A(ZA)(sf)      Negative


The full rating report is available on GCR’s website at

https://gcrratings.com/announcements/gcr-downgrades-ratings-of-notes-issued-by-ab-finco-
1-rf-limited-under-series-7/
Johannesburg

29 November 2021

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 29-11-2021 05:15:00
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