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INVESTEC BANK LIMITED - Fitch Ratings upward revision to National Ratings

Release Date: 30/04/2020 13:00
Code(s): IBRP1     PDF:  
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Fitch Ratings upward revision to National 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: Fitch Ratings upward revision to National Ratings

Shareholders and noteholders are referred to the Fitch Ratings (Fitch) press release on 28
April 2020 where Fitch announced an upward revision to five South African banks' National
Long-Term Ratings, including Investec Bank Limited, to 'AA(zaf)' from 'AA-(zaf)'.

National scale ratings are a risk ranking of issuers in a particular market designed to help
local investors differentiate risk.

According to Fitch, this rating action follows the recalibration of the South African National
Rating scale following the downgrade of the sovereign on 3 April 2020 and restores the rating
relativities between the banks and the best credits in the country as they were before the
March and April negative rating actions on the banks and the sovereign, respectively.

Ratings revisions are used by Fitch to modify ratings for reasons that are not related to
changes in credit quality.

The specific rating changes for Investec Bank Limited are as follows:

                                                               To                From
 National long-term rating                                   AA(zaf)            AA-(zaf)

 Subordinated National long-term rating                      A+(zaf)             A(zaf)

Fitch’s press release can be accessed on: www.fitchratings.com.


30 April 2020

N van Wyk
Company Secretary
Investec Bank Limited


Sponsor:
Investec Bank Limited

Date: 30-04-2020 01:00:00
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