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Moody’s stabilizes South Africa bank view
Moody’s Investors Service said it changed its outlook for Standard Bank of South Africa Ltd., FirstRand Bank Ltd., ABSA Bank Ltd., Nedbank Ltd. and Investec Bank Ltd., the five largest banks in South Africa, to stable from negative and affirmed their ratings.
The outlook revisions and affirmations reflect the recent affirmation and change in outlook for South Africa to stable from negative.
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