Moody's assigns ratings to Absa Bank's and Barclays Africa Group's DMTN programmes
Rating Action: Moody's assigns ratings to Absa Bank's and Barclays Africa Group's DMTN programmes. Global Credit Research- 10 Aug 2017. Limassol, August 10, 2017-- Moody's Investors Service, has today assigned provisional senior unsecured local currency rating of Baa3 to the ZAR60 billion Domestic Medium Term Note programme of Absa Bank Limited, and Ba1 to the ZAR30 billion DMTN programme of Barclays Africa Group Limited.Barclays Africa Group is engaged in provision of personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Co. operates in three business segments; Retail and Business Banking (RBB) delivers targeted solutions to individuals and small businesses; Corporate, Investment Bank and Wealth operates a global model, leveraging their offerings, tapping into global expertise to provide comprehensive solutions across borders; and Financial Services cluster enhances the RBB customer and client value proposition with financial solutions.
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