TUHF Urban Finance (RF) Ltd

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TUHF Urban Finance (RF) Ltd
  • TUHF Urban Finance (RF) Ltd
  • Year : Apr 2021
3 Tokens
USD 300.00
Summary

GCR Ratings (“GCR”) affirmed the long-term issue credit rating of the Class A1 Notes and upgraded the long-term issue credit rating of the Class B Notes issued by TUHF Urban Finance (RF) Ltd (the “Issuer”), under its R2bn Mortgage Loan-Backed Securitisation Scheme (the “Transaction”). This follows GCR’s annual surveillance of the Transaction.

Additional Information

The Transaction is a mortgage-backed securitisation of commercial property mortgage loans advanced to entrepreneurs in the inner-city precincts of South Africa. The mortgage loans are originated by TUHF Limited (“TUHF”, Long Term Issuer Rating of BBB-(ZA) with a Negative Outlook), which operates as a non-bank financial services provider.

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