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INVESTEC BANK LIMITED - Investec Bank Limited IBRP1 Credit Rating action by GCR Ratings

Release Date: 16/08/2019 08:00
Wrap Text
Investec Bank Limited
IBRP1
Credit Rating action by GCR Ratings

Investec Bank Limited
Incorporated in the Republic of South Africa
Registration number 1969/004763/06
JSE Share Code: IBRP1
ISIN: ZAE000242525


Investec Bank Limited

Investec Bank Limited: Credit Rating action by GCR Ratings

Notice is hereby given in terms of the Debt Listings Requirements of the JSE Limited that
GCR Ratings (GCR) has on 13 August 2019 reviewed the ratings on seven South African
banks under its recently released new Criteria for Rating Financial Institutions. As a result,
the ratings of these banks have been removed from ‘Under Criteria Observation’ and the
ratings revised in line with the new methodology.

These rating actions reflect a change in the mapping methodology and do not reflect any
change in the fundamental credit quality of the bank.

Summary of rating actions on Investec Bank Limited:

                                                           To                 From
Long and short-term South African national scale ratings   AA(za) / A1+(za)   AA(za) / A1+(za)
Long-term international scale ratings                      BB                 BB+

GCR’s press release can be accessed on: www.gcrratings.com.


N van Wyk
Company Secretary
Investec Bank Limited

15 August 2019

Sponsor:
Investec Bank Limited

Date: 16/08/2019 08:00:00
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