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MOODY’S AFFIRMS CREDIT RATINGS AND CHANGES OUTLOOK FOLLOWING THE CHANGE IN OUTLOOK ON THE SOUTH AFRICAN SOVEREIGN
ABSA GROUP LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Issuer Code: ABGI
("Absa Group'')
ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
("Absa Bank")
MOODY'S AFFIRMS CREDIT RATINGS AND CHANGES OUTLOOK FOLLOWING THE CHANGE IN
OUTLOOK ON THE SOUTH AFRICAN SOVEREIGN
On May 28, 2026, Moody's Ratings ("Moody's") affirmed the Baa3 long-term deposit ratings of Absa Bank.
They have also affirmed the Ba2 long-term issuer ratings of Absa Group. All other ratings and assessments
on Absa Bank were also affirmed. The outlook of Absa Bank's long-term deposit, senior unsecured and
issuer ratings has been adjusted to positive, from stable.
This change in outlook follows Moody's decision to upgrade the South African Government's credit outlook
to positive from stable on 22 May 2026.
For additional details on the ratings action please see the press release by Moody's:
https://ratings.moodys.com/ratings-news/465849
Johannesburg
29 May 2026
Debt sponsor to Absa Bank Limited:
Absa Bank Limited, acting through its Corporate and Investment Banking division
Date: 29-05-2026 11:10:00
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