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Moody's downgrades Land Bank's ratings to Caa1, outlook negative

Rating Action: Moody's downgrades Land Bank's ratings to Caa1, outlook negative. Global Credit Research- 24 Nov 2020. Limassol, November 24, 2020-- Moody's Investors Service has today downgraded Land and Agricultural Development Bank's corporate family rating and long-term issuer ratings to Caa1 from B3, and its long-term national scale issuer rating to B2.za from Ba2.za.
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Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
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    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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