ABL/ABLP - ABIL - Moody`s Affirms African Bank`s Local Credit Ratings And
ABL ABLP
ABL
ABL/ABLP - ABIL - Moody`s Affirms African Bank`s Local Credit Ratings And
Assigns First Time Global Scale Ratings
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
(Ordinary share code: ABL) (ISIN: ZAE000030060)
(Preference share code: ABLP) (ISIN: ZAE000065215)
("ABIL" or "the company")
MOODY`S AFFIRMS AFRICAN BANK`S LOCAL CREDIT RATINGS AND ASSIGNS FIRST TIME
GLOBAL SCALE RATINGS.
ABIL announces that Moody`s Investor Services ("Moody`s") yesterday affirmed
African Bank`s national scale ratings of A1.za (long-term) and P-1.za (short-
term). In addition, Moody`s has for the first time assigned global local
currency and foreign currency deposit ratings to African Bank of Baa2 (long-
term) and P-2 (short-term).
All ratings carry a stable outlook.
Moody`s said the BFSR rating reflects the bank`s niche franchise as South
Africa`s biggest specialised unsecured credit provider, and its strong financial
fundamentals. In addition, it regards the bank`s good knowledge of unsecured
lending business, strong credit risk management processes and efficient debt
collection as key to its success in the sector.
Johannesburg
5 August 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/08/2008 17:23:08 Produced by the JSE SENS Department.
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