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

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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.