ABSA BANK LIMITED - Repositioning of National Ratings for Banks and Financial Institutions by Moody's
ACL161 ACL169 ABN52 ABN54 AB013 ABN68 ACL167 ABN73 ABN74 ABN79 ABN85 ABN60 ABN77 ABN86 ABN87 ABN88 ABN90 ABN62 ABN63 ABN67 ABSI2 ABN59 ABN53 ABS6 ABS11 ASN016 201605130025A
Repositioning of National Ratings for Banks and Financial Institutions by Moody's
ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
("Absa Bank Limited" or “Absa”)
REPOSITIONING OF NATIONAL RATINGS FOR BANKS AND FINANCIAL INSTITUTIONS BY MOODY’S
INVESTORS SERVICE (“MOODY’S”)
Noteholders are referred to the announcement issued by Moody’s Investor Services (Moody’s) on 10 May
2016, in which the agency repositioned the national scale ratings (NSRs) of nine banks and other financial
institutions issuers in South Africa in conjunction with the recalibration of the South African national rating
scale. This rating action also concludes the review initiated on the NSRs of the five largest South African
banks on 10 March 2016.
Absa’s long-term deposit ratings were confirmed at Baa2 in line with the five largest South African banks. The
national-scale deposit ratings were repositioned at Aa1.za from A1.za.
Noteholders are referred to Moody’s press release for any further information.
13 May 2016
Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)
Date: 13/05/2016 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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