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2017 november outlook on capitec

30/11/2017

S&P Global Ratings Services has lowered its rating on South Africa-based financial institutions.

S&P Global lowered their ratings on South Africa because of their view of further deterioration of South Africa's economic outlook and its public finances.

As a result, S&P lowered the rating of six financial institutions, including Capitec Bank Limited.

S&P lowered the ratings of the financial institutions as they do not rate South African banks above the foreign currency sovereign credit ratings.

For a detailed report, download the PDF below.

S&P's November 2017 outlook on Capitec Bank

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