Bidvest Bank Limited -- Moody's downgrades the issuer rating of Bidvest Bank Limited following the downgrade of the South African sovereign
Moody's Investors Service ("Moody's") has today downgraded to Ba3 from Ba2 the Global Scale Rating (GSR) long-term issuer rating of Bidvest Bank Limited (Bidvest Bank). Moody's has also downgraded the Baseline Credit Assessment (BCA) of Bidvest Bank to b1 from ba3.