30.01.2013 18:06:00
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Moody's: No rating impact on Blue Granite Investments No. 1/2/3&4 RMBS following amendment to the Account Bank and Swap Counterparty rating triggers.
London, 30 January 2013 -- Moody's has determined that the proposed actions (the "Proposal") of Standard Bank of South Africa (the "Bank"), if implemented, will not, in and of itself and at this time, result in a downgrade or withdrawal of the current ratings of the notes (the "Notes") issued by Blue Granite Investments No. 1 (Proprietary) Limited; Blue Granite Investments No. 2 (Proprietary) Limited; Blue Granite Investments No. 3 (Proprietary) Limited and Blue Granite Investments No. 4 (Proprietary) Limited (the "Issuers"). Moody's opinion addresses only the credit impact of the Proposal, and Moody's is not expressing any opinion as to whether the Proposal has, or could have other, non-credit related effects that may have a detrimental impact on the interests of note holders and/or counterparties.