Rating Action Johannesburg, 10 November 2020 – GCR Ratings (“GCR”) has downgraded the South African long and short-term issuer ratings of Grobank Limited to BB-(ZA) and B(ZA), from BBB-(ZA) and A3(ZA) respectively, with the ratings placed on Rating Watch Evolving. Rated Entity / Issue Rating class Rating scale Rating Outlook / Watch Grobank Limited Long...
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