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PREMIUM!In a statement, the ratings agency said it had downgraded Standard Bank, Absa, FNB and Nedbank by one notch to Baa1, in a move sure to raise more questions about the health of the vital sector.
– Sapa
Uncategorized
19.8.2014 06:06 pm
Moody’s downgrades four top SA banks
Picture: Thinkstock
Moody’s on Tuesday downgraded the credit rating of four top South African banks, after the government was forced to bailout a troubled lender.
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