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INVESTEC BANK LIMITED - Investec Bank Limited: Credit Rating action by Moody's Investors Service

Release Date: 06/11/2019 17:00
Code(s): IBRP1     PDF:  
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Investec Bank Limited: Credit Rating action by Moody's Investors Service

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 Moody's Investors Service

Shareholders and noteholders are referred to the Moody´s Investors Service (Moody´s) press
release on 5 November 2019 and ratings action on the South African banks, including the
ratings of Investec Bank Limited. Moody´s has affirmed the Baa3 long-term deposit ratings
of Investec Bank Limited and changed its outlook from stable to negative.

This rating action follows Moody's decision on 1 November 2019 to affirm South Africa's
issuer rating of Baa3 but change its outlook from stable to negative. Moody´s noted that: ‘The
affirmation of the banks' ratings captures their resilient financial profiles so far despite South
Africa's challenging operating environment. The five South African banks have improved their
liquidity metrics and maintained robust risk management frameworks, limiting the negative
implications of a persistently low growth environment. Moody's expects banks' profitability
and capital metrics to remain stable over the next 12 months.´ and `The negative outlook of
the banks' ratings is primarily driven by the negative outlook on the South African
government's issuer rating given banks' high stocks of government debt securities, held as
part of their liquidity requirements, that links their credit profiles to that of the government.´

The specific rating changes for Investec Bank Limited are as follows:
- Senior unsecured and long-term bank deposit ratings of Investec Bank Limited: Affirmed
   Baa3, outlook changed from stable to negative.

Moody’s press release can be accessed on: www.moodys.com.


N van Wyk
Company Secretary
Investec Bank Limited

6 November 2019

Sponsor:
Investec Bank Limited

Date: 06/11/2019 05:00:00
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