AFRICAN BANK INVESTMENTS LIMITED - MOODY`S ASSIGNS A2.za/Prime-1.za NATIONAL
SCALE ISSUER RATINGS TO AFRICAN BANK LIMITED OF SOUTH AFRICA
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
(Share code: ABL)(ISIN code: ZAE000030060)
(`ABIL` or `the company`)
MOODY`S ASSIGNS A2.za/Prime-1.za NATIONAL SCALE ISSUER RATINGS TO AFRICAN BANK
LIMITED OF SOUTH AFRICA
The directors of ABIL are pleased to announce that Moody`s Investors Service has
assigned national scale issuer ratings to African Bank Limited at A2.za/Prime-
1.za for long- and short-term, respectively. Moody`s said that the ratings
reflect the bank`s good creditworthiness and strong capacity to meet local
currency obligations. This is the first time that Moody`s has assigned a rating
to African Bank Limited.
This rating is an upgrade to the Bank`s long-term rating as assigned by CA
Ratings of `zaA-`. The Bank`s short-term ratings by both ratings agencies are
equivalent and are set at the highest possible band on the domestic rating
scales.
Sandton
21 May 2004
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 21/05/2004 04:51:40 PM Produced by the JSE SENS Department
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