Fitch rates Absa Bank notes A

Fitch Ratings said it assigned an A rating to Absa Bank Ltd.'s issue of €600 million senior unsecured notes maturing in July 2012. Fitch also affirmed its long-term foreign-currency issuer default rating at A with stable outlook, long-term local-currency issuer default rating at A+ with negative outlook, short-term foreign-currency issuer default rating at F1, national long-term rating at AAA(zaf) with stable outlook, national short-term rating at F1+(zaf), individual rating at B/C and support rating at 1.

Absa Group Ltd. is a South African financial services holding company and Absa Bank is its wholly-owned subsidiary, Fitch said.

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