{"id":9438,"date":"2012-03-29T15:40:05","date_gmt":"2012-03-29T13:40:05","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/text-sp-revises-firstrand-bank-and-firstrand-otlk-to-neg-rtgs-afmd\/"},"modified":"2012-03-29T15:40:05","modified_gmt":"2012-03-29T13:40:05","slug":"text-sp-revises-firstrand-bank-and-firstrand-otlk-to-neg-rtgs-afmd","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/text-sp-revises-firstrand-bank-and-firstrand-otlk-to-neg-rtgs-afmd\/","title":{"rendered":"TEXT-S&P revises FirstRand Bank and FirstRand otlk to neg; rtgs afmd"},"content":{"rendered":"

\t\t<\/span><\/p>\n

(The following statement was released by the rating agency)<\/span><\/p>\n

<\/span><\/p>\n

March 29 –<\/p>\n

<\/span><\/p>\n

Overview<\/p>\n

<\/span><\/p>\n

— On March 28, 2012, we revised the outlook on the long-term sovereign
\ncredit ratings on the Republic of South Africa to negative from stable, and
\naffirmed the ratings.<\/p>\n

<\/span><\/p>\n

— We are therefore revising the outlook on FirstRand Bank Ltd. (FRB) and
\nFirstRand Ltd. (FRL) to negative from stable. At the same time, we are
\naffirming the ‘BBB+\/A-2’ ratings on FRB and the ‘BBB\/A-2’ ratings on FRL.<\/p>\n

<\/span><\/p>\n

— The negative outlook on both entities reflects that on the Republic of
\nSouth Africa.<\/p>\n

<\/span><\/p>\n

<\/span><\/p>\n

Rating Action<\/p>\n

<\/span><\/p>\n

On March 29, 2012, Standard Poor’s Ratings Services revised its outlook on
\nSouth Africa-based FirstRand Bank Ltd. (FRB), and its nonoperational holding
\ncompany FirstRand Ltd. (FRL), to negative from stable. At the same time, we
\naffirmed the ‘BBB+\/A-2’ long- and short-term counterparty credit ratings and
\n‘zaAA\/zaA-1’ national scale ratings on FRB and the ‘BBB\/A-2’ long- and
\nshort-term counterparty credit ratings and ‘zaAA-\/zaA-1’ national scale
\nratings on FRL.<\/p>\n

<\/span><\/p>\n

<\/span><\/p>\n

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

(The following statement was released by the rating agency) March 29 – Overview — On March 28, 2012, we revised the outlook on the long-term sovereign credit ratings on the Republic of South Africa to negative from stable, and affirmed the ratings. — We are therefore revising the outlook on FirstRand Bank Ltd. (FRB) and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9438","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9438"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9438\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}