Moody's might drop Investec Bank (Australia)

Moody's Investors Service said it placed the Ba1 long-term unsecured debt rating of Investec Bank (Australia) Ltd. under review for possible downgrade.

The rating review follows Investec Bank (Australia)'s on Nov. 28 announcement of its intention to transform its operations into a boutique business focused on corporate advisory and loan origination. Investec Bank (Australia) has further announced it is seeking expressions of interest in its Professional Finance and Asset Finance divisions. The review reflects the uncertainty surrounding Investec Bank (Australia)'s ultimate, steady state business model following the announced changes.

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