Fitch Ratings downgrades LT Int. Scale (local curr.) credit rating of Barclays Africa Group to "BB+"; outlook stable

April 12, 2017 - CBonds

 

Fitch Ratings downgraded from "BBB-" to "BB+" the LT Int. Scale (local curr.) credit rating of Barclays Africa Group on April 11, 2017. The outlook is stable.
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Issuer: Barclays Africa Group
Issuer profile:
Barclays Africa Group Limited provides various financial products and services in South Africa and internationally. It primarily offers personal and business banking, credit cards, corporate and inve... more
Outstanding issues:
13 issuesZAR7,795,000,000
Issuer rating:
Moody's Investors ServiceBa1/NegativeLT- foreign currency07/17/2017
Moody's Investors ServiceBa1/NegativeLT- local currency07/17/2017
Fitch RatingsBB+/StableLT Int. Scale (foreign curr.)04/11/2017
Fitch RatingsBB+/StableLT Int. Scale (local curr.)04/11/2017
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