Summary | The affected banks are Investec, FirstRand, Nedbank,
ABSA and the Standard Bank of South Africa.The banks were
downgraded by one notch to Baa2.The sovereign exposure of the
five banks totaled close to 135 percent of their capital
bases.These conditions always force consumers to borrow and
this leads to elevated credit risks.| People's Daily Online | ...
ABSA and the Standard Bank of South Africa.The banks were
downgraded by one notch to Baa2.The sovereign exposure of the
five banks totaled close to 135 percent of their capital
bases.These conditions always force consumers to borrow and
this leads to elevated credit risks.| People's Daily Online | ...
en.ce.cn | 02 April 2016