E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers I > Headlines for Investec Bank Ltd. > News item
Published on 11/26/2019 in the Prospect News Emerging Markets Daily.

S&P: view on South African banks negative

S&P said it revised the outlook on nine South African banks to negative from stable. The revision follows the revision on South Africa’s outlook to negative.

The banks are FirstRand Bank Ltd., FirstRand Ltd., Nedbank Ltd., Investec Bank Ltd., Capitec Bank Ltd., and African Bank Ltd.

“We affirmed our BB long-term global scale issuer credit ratings on FirstRand Bank Ltd., Nedbank Ltd., Investec Bank Ltd., and Capitec Bank Ltd. We also affirmed our B+/B issuer credit ratings on FirstRand Ltd. and African Bank Ltd.,” said S&P in a press release.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.