26 Aug 2016
Sasfin Bank Limited has elected to switch its ratings agency from Moody’s to Global Credit Ratings (GCR) to assign its national scale credit ratings. Accordingly, Sasfin elected to terminate its engagement with Moody’s and withdraw its rating of Sasfin, being Ba3/Not-Prime global scale issuer ratings and the Baa2.za/P-3.za national scale issuer ratings.
At the time of the withdrawals, the long-term global scale issuer rating had a stable outlook.
As at 31 May 2016, Global Credit Ratings assigned national scale ratings to Sasfin Bank Limited of BBB+(ZA) and A1-(ZA) in the long and short term respectively; with the outlook accorded as Stable. Furthermore, Global Credit Ratings has assigned an international scale local currency rating of BB to Sasfin Bank Limited; with the outlook accorded as Stable.
Sasfin’s GCR rating can be found on the following links:
Issued on: 26 August, 2016
For media queries, please contact:
Head: Marketing and Communications
Tel: (+27) (11) 809 7851
Cell: (+27) (82) 923 3214
Post: PO Box 95104, Grant Park 2051
Sasfin Holdings Limited (“Sasfin” or “the Group” or “the Company”) is a bank-controlling company listed in the “Financials: Investment Services” sector of the JSE Limited (“the JSE”). Sasfin and its subsidiaries provide a wide range of complementary banking, financial and related services.