Investec-p - CGR ratings
Shareholders and noteholders are referred to GCR’s press release on 10 July 2020 announcing the affirmation of Investec Bank Ltd.’s issuer ratings with a change in outlook to negative from stable.
This rating action follows a reduction in the South African country and financial institutions sector risk assessments assigned by GCR.
According to GCR, Investec Bank Limited’s national and international scale ratings outlooks have been placed on negative, reflecting the worsening operating environment in South Africa, leading to a broadly negative overlay on the South African financial institutions sector.
GCR’s press release can be accessed at: gcrratings.com/announcements/gcr-affirms- investec-bank-limiteds-issuer-ratings-with-negative-outlooks/
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