Sunday 18, June 2017 by Matthew Amlôt

Moody's raises the national scale ratings of two South African banks

Moody's Investors Service has today raised Mercantile Bank Limited's (Mercantile) long- and short-term national scale ratings (NSRs) to Baa1.za/P-2.za from Baa3.za/P-3.za respectively and Bidvest Bank Limited's (Bidvest) long-term NSR to Aa2.za from A1.za. At the same time, Moody's affirmed Bidvest's global scale ratings (GSRs) and changed the outlook to negative from stable.

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