INVESTEC BANK LIMITED - GCR ratings affirms Investec Bank Limiteds issuer ratings with a change in outlook

GCR ratings  affirms Investec Bank Limited’s issuer ratings with a change in outlook

Investec Bank Limited
Incorporated in the Republic of South Africa
Registration number 1969/004763/06
JSE Share Code: IBRP1
ISIN: ZAE000242525
Issuer Code: BIINLP
LEI No: 549300RH5FFHO48FXT69


GCR Ratings (GCR) affirms Investec Bank Limited’s issuer ratings with a change in
outlook

Shareholders and noteholders are referred to GCR’s press release on 10 July 2020
announcing the affirmation of Investec Bank Limited’s issuer ratings with a change in outlook
to negative from stable.

This rating action follows a reduction in the South African country and financial institutions
sector risk assessments assigned by GCR.

According to GCR, Investec Bank Limited’s national and international scale ratings outlooks
have been placed on negative, reflecting the worsening operating environment in South
Africa, leading to a broadly negative overlay on the South African financial institutions sector.

The issuer ratings that have been affirmed and the outlooks that have changed are as follows:

                                                  Issuer Ratings                 Outlook
                                                 To           From          To          From
 Long-term issuer rating (national)            Affirmed      AA(ZA)       Negative     Stable
 Short-term issuer rating (national)           Affirmed      A1+(ZA)         -             -
 Long-term issuer rating (international)       Affirmed        BB         Negative     Stable



GCR’s press release can be accessed at: https://gcrratings.com/announcements/gcr-affirms-
investec-bank-limiteds-issuer-ratings-with-negative-outlooks/


14 July 2020

N van Wyk
Company Secretary
Investec Bank Limited


Sponsor:
Investec Bank Limited

Date: 14-07-2020 03:00:00
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