Tuesday 05, December 2017 by Matthew Amlôt

Moody's places on review for downgrade the Baa3 issuer ratings of DBSA, IDC and Land Bank

Moody's Investors Service, has today placed on review for downgrade the Baa3 long-term and Prime-3 short-term foreign-currency issuer ratings of Development Bank of Southern Africa (DBSA), the Baa3 long-term and Prime-3 short-term local-and foreign-currency issuer ratings of Land and Agricultural Development Bank ("Land Bank"), and the Baa3 long-term foreign currency issuer rating of Industrial Development Corporation of South Africa (IDC). The three institutions' long-term national scale issuer ratings (NSRs) of Aa1.za were also placed on review for downgrade.

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