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NEDBANK LIMITED - Credit Ratings Action by Standard and Poor's

Release Date: 11/12/2015 17:00
Code(s): NBKP     PDF:  
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Credit Ratings Action by Standard and Poor's

NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN: ZAE000043667
(“Nedbank”)


CREDIT RATINGS ACTION BY STANDARD AND POOR’S

Shareholders and noteholders are referred to Standard and Poor’s press release and ratings
action on the South African banks on 9 December 2015, including the ratings of Nedbank.
Standard and Poor’s reaffirmed Nedbank’s issuer credit rating at BBB- / A-3 and revised the
outlook to negative (from stable); Nedbank’s national scale rating was lowered to zaAA-
(from zaAA).

These ratings action follow that of the South African sovereign on 4 December 2015 and
references Standard and Poor’s assessment of the industry as a whole and is not specific to
Nedbank.

The ratings actions are as follows:

Nedbank Limited:

-   Issuer Credit Rating affirmed at ‘BBB- / A-3‘; Outlook Negative from Stable
-   South Africa National Scale at zaAA- / zaA-1 from zaAA / zaA-1

Sandton
11 December 2015

Sponsors to Nedbank Limited:
Investec Bank Limited
Nedbank Corporate and Investment Banking

Date: 11/12/2015 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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