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Fitch Revises Absa Group and Absa Bank’s National Long-Term Ratings to 'AAA(zaf)' on Recalibration
Absa Group Limited
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Issuer Code: ABGI
("Absa Group")
Absa Bank Limited
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
("Absa Bank")
Fitch Revises Absa Group and Absa Bank's National Long-Term Ratings to 'AAA(zaf)' on Recalibration
On 3 July 2026, Fitch Ratings revised Absa Group's and Absa Bank's National Long-Term Ratings to
'AAA(zaf)' from 'AA+(zaf)'. The entities' Outlooks are Stable. Fitch has also affirmed the issuers' National
Short-Term Ratings at 'F1+(zaf)'.
The revision of the National Long-Term Ratings reflects the recalibration of Fitch's National Ratings
Correspondence Table for South Africa. The recalibration follows the recent upgrade of South Africa's Long-
Term Local-Currency Issuer Default Rating (IDR) to 'BB' from 'BB-' (Outlook Stable) and the upgrade of Absa
Group's and Absa Bank's Long-Term Local-Currency IDRs to 'BB' from 'BB-' (Outlook Stable).
Johannesburg
6 July 2026
Debt sponsor to ABSA Group Limited and Absa Bank Limited
Absa Bank Limited, acting through its Corporate and Investment Banking division
Absa Group Limited Reg No 1986/003934/06
Date: 06-07-2026 05:04:00
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