ABSA BANK LIMITED - National Scale Credit Rating Raised After Criteria Review By S&P Global Ratings - BIABS

National Scale Credit Rating Raised After Criteria Review By S&P Global Ratings -  BIABS

ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
(“Absa Bank”)

ABSA BANK LIMITED: NATIONAL SCALE CREDIT RATING RAISED AFTER CRITERIA REVIEW BY
S&P GLOBAL RATINGS

Notice is hereby given in terms of the Debt Listings Requirements of the JSE Limited that S&P Global
Ratings (S&P) has on 2 July 2018 raised its national scale ratings on South Africa's financial institutions
so that these are no longer classified as being under criteria observation (UCO). As a result of this
change, Absa Bank’s national scale rating was raised to zaAA+ from zaAA-.

For additional details on the revised mapping methodology, please see "S&P Global Ratings'
Methodology For National and Regional Scale Mapping Tables," and "Guidance: S&P Global Ratings'
Methodology For National And Regional Scale Mapping Specifications", both published on June 25, 2018
on Ratings Direct.


Summary of credit rating change:
                                                  To                                From
Absa Bank Ltd.
Counterparty Credit Rating
South Africa National Scale                       zaAA+                             zaAA-



Johannesburg

04 July 2018

Debt sponsor to Barclays Africa Group and Absa Bank Limited:
Corporate and Investment Bank, a division of Absa Bank Limited

Date: 04/07/2018 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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