December 10, 2012 / 11:19 AM / 5 years ago

TEXT-S&P drops Nedbank Group 'BBBpi' unsolicited ratings

(The following statement was released by the rating agency)

Dec 10 -

Overview

-- 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.

Rating Action

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.

Our Standards:The Thomson Reuters Trust Principles.
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