BRIEF-Moody’s affirms Standard Bank plc’s ratings following downgrade of Standard Bank of South Africa

11 October 2012 By admin

Oct 11 (Reuters) – Moody’s Investors Service has affirmed the
ratings of Standard Bank plc (SBP) (Baa2, D/ba2 negative)
following the recent rating action on the local and foreign
currency deposit ratings of Standard Bank of South Africa
(SBSA), the largest operating entity of the Standard Bank Group
Limited (SBGL), which is also the ultimate parent of SBP.