FirstRand Bank’s Ratings Affirmed with a ‘Stable’ Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed FirstRand Bank Limited's (FRB) Financial Strength Rating (FSR) at 'BBB' with a 'Stable' Outlook. The factors supporting the rating are FRB's important position as one of the 'big four' banks by total assets, with multiple well recognised and established franchises and the Bank's solid and improving capital adequacy ratio, which remained the strongest among the 'big four' banks.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (South Africa, FirstRand Bank)
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