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SARB disputes downgrade of Capitec Bank

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SARB disputes downgrade of Capitec Bank
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20-08-2014, 02:09 PM
The South African Reserve Bank (SARB) says while it has taken note of rating agency Moody’s decision to downgrade Capitec Bank Limited, it does not agree with the decision. Two reasons were given for the rating action: a lower likelihood of sovereign systemic support based on decisions recently taken in relation to African Bank Limited [...]SARB disputes downgrade of Capitec Bank is a post from: South Africa Business



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