Shareholders
CREDIT RATINGS
To provide stakeholders with independent information Nedbank Group employs the services of Fitch Ratings and Moody’s Investors Service. Details of the ratings received by these two agencies in 2008 are outlined below:
| Moody’s Investors Service (effective December 2008) | |||
| Nedbank | |||
| Financial strength | C | ||
| Outlook – financial strength | Stable | ||
| Global local currency – long-term deposits | Aa3 | ||
| Global local currency – short-term deposits | Prime-1 | ||
| Foreign currency – long-term bank deposits | Baa1 | ||
| Foreign currency – short-term bank deposits | Prime-2 | ||
| Outlook – deposits | Positive | ||
| National scale ratings – long-term deposits | Aa1.za | ||
| National scale ratings – short-term deposits | Prime-1.za | ||
| Fitch Ratings (effective November 2008) | |||
| Nedbank | |||
| Group | Nedbank | ||
| Individual | B/C | B/C | |
| Support | 2 | 2 | |
| Foreign currency | |||
| Short term | F3 | F2 | |
| Long term | BBB | BBB+ | |
| Long-term rating outlook | Negative | Negative | |
| Local currency | |||
| Long-term senior | BBB | BBB+ | |
| Long-term rating outlook | Negative | Negative | |
| National | |||
| Short term | F1+ (zaf) | F1+ (zaf) | |
| Long term | AA- (zaf) | AA (zaf) | |
