ABKI - Ratings Action by S&P Global Ratings
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
LEI: 2549008X8SL1B1J86F98
Company code: ABKI
(the "Bank" or "African Bank")
Ratings Action by S&P Global Ratings
In accordance with 6.28 of the JSE Debt and Specialist Securities Listings
Requirements, noteholders are referred to the credit rating release from S&P Global
Ratings on 1 July 2025 that they have upgraded African Bank Limited's long-term global
scale issuer credit rating to 'B+' from 'B' and affirmed the 'B' short-term global scale
rating. The outlook on the bank is stable. S&P also raised African Bank Limited's. South
Africa national scale ratings to 'zaA/zaA-1'from 'zaA-/zaA-2'.
The rating action follows S&P's view on the South African banking system being in an
expansionary phase and think the risk of economic imbalances has receded since they
expect real estate prices to increase moderately in nominal terms and lending growth to
remain cautious and mainly driven by investments in infrastructure.
The full ratings report is available to be viewed on the link below:
Credit Rating & Debt Investor Information | African Bank
3 July 2025
Debt Sponsor
The Standard Bank Limited
Date: 03-07-2025 03:40:00
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
