trending Market Intelligence /marketintelligence/en/news-insights/trending/mvnRqZ-7ODccBGsoIZ5WeQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fitch withdraws Land and Agricultural Development Bank of South Africa's ratings

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Fitch withdraws Land and Agricultural Development Bank of South Africa's ratings

Fitch Ratings on July 14affirmed Land and Agricultural DevelopmentBank of South Africa's AA+(zaf)/ F1+(zaf)national long- and short-term ratings and 2 support rating. The outlook on the long-termrating is stable

The rating agency simultaneouslywithdrew the bank's ratings for commercial reasons.

The lender's ratings reflect Fitch'sview that it will receive a high probability of sovereign support, as it is a state-owneddevelopment finance institution. The ratings and stable outlook of the bank arebased on South Africa's BBB local-currency issuer default rating, with a stable outlook.