MNI BRIEF: Fed's Goolsbee Taking Job Gains With Grain Of Salt

BRIEF: EU Says Engaging With China Over EV Trade Dispute

MNI BRIEF: Draghi Calls For Tariffs, Subsidies Against China

MNI BRIEF: China May M2 Slows To Record Low Again

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI JAPAN APRIL CORE MACHINE ORDERS -2.9% M/M; MAR +2.9%

US Treasury Auction Calendar

MNI: BAKER HUGHES US RIG COUNT 590; OIL RIGS 488; GAS RIGS 98

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fitch Revises Outlook on SA Banks to Stable from Negative

SOUTH AFRICA
  • FITCH REVISES OUTLOOK ON SOUTH AFRICAN BANKS TO STABLE
  • Fitch Ratings has revised the Outlooks on the Long-Term Issuer Default Ratings (IDRs) of five South African banks - Absa Bank Limited (ABL), FirstRand Bank Limited (FRB), Investec Bank Limited (IBL), Nedbank Limited (NBL) and The Standard Bank of South Africa (SBSA) - to Stable (from Negative) and affirmed the IDRs at 'BB-'.
  • Fitch has also revised the Outlooks on the Long-Term IDRs of four South African bank holding companies (BHCs) - Absa Group Limited (ABG), Investec Limited (INL), Nedbank Group (NBG) and Standard Bank Group (SBG) - to Stable (from Negative) and affirmed the IDRs at 'BB-'.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.