The Standard Bank of South Africa Limited -- Moody's downgrades the deposit ratings of five South African banks following the downgrade of the South African sovereign
Moody's Investors Service ("Moody's") has today downgraded to Ba2 from Ba1 the long-term local and foreign currency deposit ratings of the five largest South African banks: The Standard Bank of South Africa Limited (SBSA), FirstRand Bank Limited (FRB), ABSA Bank Limited (ABSA), Nedbank Limited (Nedb...