Investec Bank plc (Jan 2023)

The ratings of Investec Bank plc are based on the credit profile of the consolidated UK group, Investec plc. Investec plc is the non-operating holding company of the broader group’s non-Southern African operations, including the UK and other international markets. The main subsidiary of Investec plc is IBP and GCR views IBP to be the core operating entity of the group, representing 99.6% of total assets at September 2022. Accordingly, the ratings of IBP are equalised to the group Anchor Credit Evaluator.

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