GCR Ratings affirmed the national scale short-term credit ratings of ‘A1+(ZA)(sf)’ assigned to the Asset Backed Commercial Paper issued by iVuzi Investments (RF) Limited from time to time under the Issuer’s R15bn hybrid ABCP Programme .
The affirmation followed the annual review of the ratings and reflect the weighted average credit quality of the Participating Assets and the credit enhancement provided through the Programme Wide Credit Enhancement (PWCE) and Liquidity Facility (LF).
The final, public rating accorded to the Notes in issue under the Issuer’s ABCP Programme relates to timely payment of interest and principal. The rating excludes an assessment of the ability of the Issuer to pay either any (early repayment) penalties or default interest rate penalties.
|Issue Name||Rating||Country||Rating Published|
|--||Short Term rating: A1+(ZA)(sf);||South Africa||06-02-2020 0:00:00|