MOODY'S ASSIGNS PROSPECTIVE RATINGS TO NOTES GUARANTEED BY EXPORT-IMPORT BANK OF THE UNITED STATES ISSUED BY THE EAGLE BONDS ONE (PROPRIETARY) LIMITED
Moody's Investors Service has assigned a prospective Global Scale Rating of (P)Aaa and prospective National Scale Rating of (P)Aaa.za to the Series of Fully Amortising Fixed Rate Instalment Notes of up to approximately Rand 1 billion to be issued by Eagle Bonds One (Proprietary) Limited, a special purpose company incorporated in South Africa.
This transaction is the first Series issued under the Domestic Medium Term Note Programme established by Eagle Bonds (Proprietary) Limited. This Series is guaranteed by the Export-Import Bank of the United States (Eximbank). Eximbank is backed by the full faith and credit of the United States (Aaa/P-1).
Subject to timely completion of the stipulated claim procedure, Eximbank will cover the outstanding interest and principal amount under the Notes including any accrued interest from the scheduled payment date to the date of actual payment by Eximbank.
Moody's issues prospective ratings in advance of the final sale of securities, and these ratings only represent Moody's preliminary opinion. Upon conclusive review of the transaction and associated documentation, Moody's will endeavour to assign definitive ratings to the Notes. A definitive rating may differ from a prospective rating.
The prospective ratings address the ultimate payment of interest and principal on or before their final maturity date and not the scheduled maturity date.
To obtain a copy of the Pre-Sale Report please contact Moody's Client Service Desk in London at +44 (0) 20 7772 5454 or visit our website at www.moodys.com.
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