News & Credit Rating Announcements
23 February 2018 | Country: South Africa | Bank: Absa Bank Limited
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Absa Bank - Long-Term FCR Lowered Following Change in Assessment of Sovereign Risk; FSR Negative Outlook Affirmed
Overview
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered Absa Bank Limited's (Absa) Long-Term Foreign Currency Rating (FCR) to 'BBB-' from 'BBB'. The revision to the Bank's rating follows a change in CI Ratings' internal assessment of sovereign risk to reflect the deterioration in the operating environment.
Attachments
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Credit Rating Announcement (CRA)
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