enX Corporation Limited R102m Partially Guaranteed Notes

Image placeholder
enX Corporation Limited Partially Guaranteed Notes
  • enX Corporation Limited R102m Partially Guaranteed Notes
  • Year : Oct 2019
3 Tokens
USD 300.00
Summary

Structured bond ratings provide an estimate of the expected loss in the event of an Issuer default and are a function of the estimated probability of default of the Issuer and the potential losses that may be incurred. As such, the ratings carry an ‘EL’ suffix.

Additional Information

enX is predominately characterised by its two largest operating entities Industrial Equipment (“IE”) and FML, housed under enX Leasing Investments (Pty) Limited, the parent guarantor. Industrial Equipment’s business is built on its exclusive distribution of Toyota Forklifts in South Africa and many Sub-Saharan African countries, and a leading local market share. Traditional leasing remains core to FML, but its key competitive advantage is its value-add products, in particular its proprietary fleet management system, Quest (initiated during FY17).

Related Publication

Fox Street 1 (2016-02)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

South African Securitisation Programme (RF) Limited Series 2 (Monitoring Dashboard)

The Dashboard covers the period from September 2018 to September 2019 and is part of GCR’s performance monitoring process and does not consti...

Rating Securitisation Transactions Involving Intermediate SPVs

This report explains GCR’s approach to the risks related to each of these SPVs to rate the debt issued by the Issuing SPV. Please note that t...

Available Purchase Options: