FITCH UPGRADES CREDIT RATING FOLLOWING THE CHANGE IN RATINGS ON THE SOUTH AFRICAN SOVEREIGN
FITCH UPGRADES CREDIT RATING FOLLOWING THE CHANGE IN RATINGS ON THE SOUTH AFRICAN SOVEREIGN
ABSA GROUP LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Issuer Code: ABGI
("Absa Group'')
ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
("Absa Bank")
FITCH UPGRADES CREDIT RATING FOLLOWING THE CHANGE IN RATINGS ON THE SOUTH
AFRICAN SOVEREIGN
On June 12, 2026, Fitch Ratings ("Fitch") upgraded the Long-Term Issuer Default Ratings (IDRs) for Absa
Group and its main operating subsidiary, Absa Bank, to 'BB' from 'BB-'. The outlooks for the Long-Term
IDRs remain Stable.
The upgrades follow the upgrade of South Africa's Long-Term IDRs to 'BB' from 'BB-' on 5 June 2026.
Absa Group and Absa Bank's National Ratings are unchanged.
For additional details on the ratings action please see the press release by Fitch:
https://www.fitchratings.com/research/banks/fitch-upgrades-5-south-african-banks-to-bb-stable-on-
sovereign-upgrade-12-06-2026
Johannesburg
15 June 2026
Debt sponsor to Absa Bank Limited:
Absa Bank Limited, acting through its Corporate and Investment Banking division
Date: 15-06-2026 12:20:00
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