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Moody's upgrades Investec

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Moody's upgrades Investec

Moody'son April 26 upgraded InvestecPlc's long-term issuer ratings to Baa1 from Baa2 and revised the outlookto stable from ratings under review.

Theupgrade reflects the ratings agency's estimate that the company's stake inInvestec Asset ManagementLtd. will substantially diminish any expected loss for holdingcompany senior creditors, in the event of a resolution of .

Moody'saffirmed the company's short-term issuer rating at Prime-2.