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

Image placeholder
South African Securitisation Programme (RF) Limited - Series 3 (Monitoring Dashboard)
  • South African Securitisation Programme (RF) Limited - Series 3 (Monitoring Dashboard)
  • Year :Jul 2020
Access Now
Summary

The yield increased to 17% in May 2020 from 13% mainly due to an increase in Evergreens (R4m in the month of May).

Additional Information

The Dashboard covers the period from May 2019 to May 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.

Related Publications

TUHF Urban Finance (RF) Ltd (Monitoring Dashboard)

Credit enhancement has remained stable over the review period. There was a drop in performance during May and June 2020, while GCR noted a rapid re...

Commissioner Street No.4 (2018-05)

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

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: