South African Securitisation Programme (RF) Limited - Series 3 (Monitoring Dashboard)

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South African Securitisation Programme (RF) Limited Series 3 (Monitoring Dashboard)
  • South African Securitisation Programme (RF) Limited - Series 3 (Monitoring Dashboard)
  • Year : Jun 2020
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Summary

The April 2020 performance of which the South African economy was on level 5 lockdown, has remained broadly in line with pre-COVID-19 months. GCR notes however, that the performance excludes leases which were granted payment holidays as these where replaced.

Additional Information

The Dashboard covers the period from April 2019 to April 2020 and is part of GCR’s performance monitoring process and does not constitute rating action or rating reports. GCR will update the Dashboard at least on a quarterly basis. Click here for rating reports.

The Dashboard exhibits performance metrics related to the South African Securitisation Programme (RF) Ltd – Series 3 transaction, which include credit enhancement levels, excess spread, defaults, recoveries and covenants.

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