Fitch affirms Blue Titanium

Fitch Ratings said it affirmed Blue Titanium Conduit Ltd.'s asset-backed commercial paper notes at short-term F1+(zaf).

The affirmation follows a review of the conduit's performance and asset composition, according to the agency.

Blue Titanium is sponsored and administered by Standard Bank of South Africa (AA(zaf)/stable/F1+(zaf)).

Blue Titanium may issue F1+(zaf) commercial with a maximum tenor of 364 days, the proceeds of which are used to purchase financial assets and rated securities, according to the agency.

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