Fitch rates Nedbank floaters BBB

Fitch Ratings said it assigned a BBB long-term rating to Nedbank Ltd.'s $100 million subordinated, dated tier II floating-rate notes, which were issued on March 3 under Nedbank's European medium-term note program and have a maturity date of March 3, 2022. The first call is March 3, 2017.

Nedbank has a long-term issuer default rating of BBB+ and a negative outlook.

© 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.