ABSA BANK LIMITED: CHANGE IN NATIONAL SCALE RATING BY STANDARD & POOR’S
Change In National Scale Rating by Standard & Poor’s Rating Services (‘S&P’) - BIABS
ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
(“Absa Bank”)
ABSA BANK LIMITED: CHANGE IN NATIONAL SCALE RATING BY STANDARD & POOR’S
RATINGS SERVICES (‘S&P’)
Notice is hereby given in terms of the Debt Listings Requirements of the JSE Limited that S&P Global
Ratings (S&P) has on 26 November 2019 lowered its national scale ratings on South Africa's financial
institutions. S&P does not rate financial institutions in South Africa above the foreign currency sovereign
ratings and, as a result, Absa Bank’s long term national scale rating was lowered to zaAA from zaAA+.
For additional details on the rationale of the ratings action please see "S&P Global Ratings: Outlook On
South African Banks Now Negative After Same Action On Sovereign; National Scale Ratings Lowered”
published November 26, 2019, on RatingsDirect (www.spglobal.com/ratingsdirect).
Summary of credit rating change:
To From
Absa Bank Ltd.
Counterparty Credit Rating
South Africa National Scale zaAA zaAA+
Johannesburg
28 November 2019
Debt sponsor to Absa Bank Limited:
Corporate and Investment Bank, a division of Absa Bank Limited
Date: 28-11-2019 05:00:00
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
