Moody's places on review for downgrade the ratings of five South African Banks

Moody’s places on review for downgrade the ratings of five South African Banks
The Standard Bank of South Africa Limited (Standard Bank of South Africa), FirstRand Bank Limited, Absa Bank Limited, Nedbank Limited and Investec Bank Ltd. The rating agency has also placed on review for downgrade the Ba1 long-term local- and foreign …
Moody’s places on review for downgrade the ratings of five South African Banks