Announcements Financial Institutions Rating Alerts

GCR affirms FirstRand Bank Limited’s unsolicited national and international issuer credit ratings of AA+(ZA)/A1+(ZA) and BB/B respectively, outlooks revised to positive due to strong earnings rebound, elevated capital and favourable funding structure.

Rating Action Johannesburg, 20 July 2022 – GCR Ratings (“GCR”) has affirmed the unsolicited national scale long and short-term issuer ratings of FirstRand Bank Limited…