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Prospect News home > News index > List of issuers F > Headlines for FirstRand Bank Ltd. > News item
Published on 11/30/2020 in the Prospect News Emerging Markets Daily.

Fitch cuts FirstRand, Standard Bank

Fitch Ratings said it downgraded the long-term issuer ratings of FirstRand Bank Ltd. and Standard Bank of South Africa Ltd. to BB- from BB.

The rating actions follow the downgrade of the sovereign’s long-term issuer rating to BB- from BB on Nov. 20, the agency said.

The outlook is negative.


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