S&P Global Ratings revised outlook on African Bank to stable and affirmed at "B+" (Foreign Currency LT) credit rating

April 20, 2017 - CBonds

 

S&P Global Ratings affirmed the "B+" Foreign Currency LT credit rating of African Bank on April 19, 2017. At the same time the rating agency revised outlook to stable from negative.
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Issuer: African Bank
Issuer profile:
African Bank Limited (ABL), commonly referred to as African Bank, is a commercial bank in the Republic of South Africa. It is licensed as a "locally-controlled bank" by the Reserve Bank of South Afri... more
Outstanding issues:
2 issuesUSD560,000,000
4 issuesCHF444,000,000
1 issuesZAR3,972,899,100
Issuer rating:
S&P Global RatingsB+/StableForeign Currency LT04/19/2017
S&P Global RatingsB+/StableLocal Currency LT04/19/2017