(The following statement was released by the rating agency)
Dec 10 -
-- We are affirming and subsequently withdrawing our 'BBBpi' (public information) unsolicited rating on South Africa-based Nedbank Group Ltd.
-- The rating action follows the assignment of our 'BBB/A-2' counterparty credit ratings to South Africa-based Nedbank Ltd., the main entity of the Nedbank group.
On Dec. 10, 2012, Standard & Poor's Ratings Services affirmed and withdrew its 'BBBpi' (public information) unsolicited rating on South Africa-based Nedbank Group Ltd.