GCR extends the ‘Under Review’ for Fox Street 1 (RF) Limited

16 Mar 2017 In Market Alerts

GCR extends the ‘Under Review’ for Fox Street 1 (RF) Limited

Johannesburg, 16 March 2017—Global Credit Ratings has today extended the under review for the following final, public long-term credit ratings accorded to the following Notes issued by Fox Street 1 (RF) Ltd, (‘the Issuer’) under review:

Class A5 Notes, stock code FS1A5;
AAA(ZA)(sf)
Stable Outlook.
Class B1 Notes, stock code FS1B1;
AA-(ZA)(sf)
Stable Outlook;
Class C1 Notes, stock code FS1C1;
BBB+(ZA)(sf)
Stable Outlook; and
Class D1 Notes, stock code FS1D1;
BB+(ZA)(sf)
Stable Outlook.


The ratings were scheduled to be reviewed by 15 February 2017, which was subsequently placed under review to be released on 14 March 2017. GCR is far advanced with the current ratings review and expects to publicly release the updated ratings by 13 April 2017. The existing ratings continue to be supported by GCR.

RATINGS HISTORY

Security class
Stock code
Initial and Last Rating
Long Term Rating
Short Term Rating
Outlook
Class A5 Notes,
FS1A5
15 February 2016
AAA(ZA)(sf)
n.a
Stable
Class B1 Notes,
FS1B1
15 February 2016
AA-(ZA)(sf)
n.a
Stable
Class C1 Notes,
FS1C1
15 February 2016
BBB+(ZA)(sf)
n.a
Stable
Class D1 Notes,
FS1D1
15 February 2016
BB+(ZA)(sf)
n.a
Stable


ANALYTICAL CONTACTS
Corné Els
Senior Structured Finance Analyst
+27 11 784 1771
.(JavaScript must be enabled to view this email address)

 


Committee Chairman
Emma-Jane Fulcher
Sector Head: Structured Finance Ratings
+27 11 784 1771
.(JavaScript must be enabled to view this email address)

 

 

 

 

 

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