NED - Nedbank Group - Credit Rating Upgrade From F
NED
NED
NED - Nedbank Group - Credit Rating Upgrade From Fitch Ratings
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group")
CREDIT RATING UPGRADE FROM FITCH RATINGS
Nedbank Group is pleased to announce that as a result of Fitch Ratings`
revision of its portfolio of National Long- and Short-term issuer ratings in
South Africa, the credit ratings for Nedbank Group and its subsidiaries
Nedbank Limited and Imperial Bank Limited have been revised upwards as
follows:
Nedbank Group:
National Long-term rating: `AA- (AA minus)(zaf)`; Stable Outlook
(from `A+ (A plus)(zaf)`; Stable Outlook)
National Short-term rating: `F1+(zaf)` (from `F1(zaf)`)
Nedbank Limited:
National Long-term rating: `AA(zaf)`; Stable Outlook
(from `AA- (AA minus)(zaf)`; Stable Outlook)
National Short-term rating: `F1+(zaf)` (unchanged)
Imperial Bank Limited:
National Long-term rating: `AA- (AA minus)(zaf)`; Stable Outlook
(from `A+ (A plus)(zaf)`; Stable Outlook)
National Short-term rating: `F1+(zaf)` (from `F1(zaf)`)
Fitch`s rating definitions and the terms of use of such ratings are available
on the agency`s public site, www.fitchratings.com.
Sandton
29 November 2007
Date: 29/11/2007 11:30:09 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
