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<item><link>http://www.alacrastore.com/storecontent/fitch/425938_pr_frame</link><guid isPermaLink="false">fitch/425938_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABSA Group Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABSA Bank Ltd.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360077</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80880033</fitch:companyid><pubDate>7/11/2008 10:21:00 AM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">AMAGB</fitch:ticker><title>Fitch Affirms Absa Group and Absa Bank ratings; Outlooks Stable</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">425938_pr_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/477925</link><guid isPermaLink="false">spcred/477925</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest News from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">structured</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">pubfin</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>7/10/2008 2:38:00 AM</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">100</spcred:price><title>South Africa-Based Absa Bank Ltd. Rating Raised To 'Api' Due To Importance To Barclays</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">News</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">477925</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">South Africa</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Diversified Banks</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Public Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Residential MBS</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Financial Institutions</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Utilities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Asset-Backed Commercial Paper</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Asset-Backed Securities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Commercial MBS</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Collateralized Debt Obligations</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">News</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">LONDON (Standard&amp;Poor's) Nov. 29, 2005--Standard&amp;Poor's Ratings Services said today that it raised its public information ('pi') rating on South Africa-based Absa Bank Ltd. 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xmlns:spcred="http://www.alacra.com/spcred">Commercial MBS</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Residential MBS</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">The public information ('pi') rating on Absa Bank Ltd. (Absa Bank) reflects its strategic importance to its new majority shareholder U.K.-based Barclays Bank PLC (Barclays; AA/Stable/A-1+), its strong retail position in the South African market, strengthened financial profile, and dominant position within Absa Group Ltd. (Absa), one of the largest financial service providers in South Africa. The rating continues to be constrained by the socioeconomic and competitive challenges of operating in South Africa. Absa is expected to benefit from integration into Barclay's strong risk-management culture, and from Barclays' value-based management framework and economic profit targeting. The integration is not without execution risk, however. Wholly owned by Absa, Absa Bank accounted for more than 80% of Absa group revenues. A diversified</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">ZAF</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">40101010 401010 4010 40</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Absa Bank Ltd. 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Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/547299</link><guid isPermaLink="false">spcred/547299</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest Full Report from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">structured</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">pubfin</spcred:dataset><pubDate>7/10/2008 2:38:00 AM</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">400</spcred:price><title>Absa Bank Ltd.</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">547299</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">South Africa</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Diversified Banks</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Public Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Financial Institutions</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Utilities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Asset-Backed Commercial Paper</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Asset-Backed Securities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Collateralized Debt Obligations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Commercial MBS</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Residential MBS</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">The public information ('pi') rating on Absa Bank Ltd. (Absa Bank) reflects its strategic importance to its new majority shareholder U.K.-based Barclays Bank PLC (Barclays; AA/Stable/A-1+), its strong retail position in the South African market, solid financial profile, and dominant position within Absa Group Ltd. (Absa), one of the largest financial service providers in South Africa. The rating continues to be constrained by the socioeconomic and competitive challenges of operating in South Africa and growing competition. Absa is expected to benefit from integration into Barclays' strong risk-management culture, and from Barclays' value-based management framework and economic profit targeting. The integration is not without execution risk, however. The dominant entity in the group, Absa Bank accounted for more than 82% of</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">ZAF</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">40101010 401010 4010 40</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Absa Bank Ltd. 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Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABSA Bank Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABSA Group Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Barclays Bank plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Barclays plc</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80359518</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360077</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80880033</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">86198905</fitch:companyid><pubDate>4/25/2008 2:13:00 PM</pubDate><fitch:industry 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xmlns:fitch="http://www.alacra.com/fitch">82003601</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Airports Company South Africa Ltd</fitch:company><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010000</fitch:industry><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SLM</fitch:ticker><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">06000000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01032200</fitch:industry><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SPG</fitch:ticker><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Old Mutual Life Assurance Company (South Africa) Limited</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Redefine Income Fund Ltd</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80464056</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Gensec Bank</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABSA Group Ltd.</fitch:company><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031800</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031200</fitch:industry><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361057</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Trans-Caledon Tunnel Authority</fitch:company><title>Fitch Revises South Africa's National Ratings</title><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031201</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030600</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030400</fitch:industry><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">PIK</fitch:ticker><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Steinhoff International Holdings Ltd</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">84163469</fitch:companyid><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">FSR</fitch:ticker><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030800</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01020200</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031500</fitch:industry><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361023</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Nedbank Group, Ltd</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82493509</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80880033</fitch:companyid><pubDate>11/28/2007 10:14:00 AM</pubDate><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82042550</fitch:companyid><fitch:price xmlns:fitch="http://www.alacra.com/fitch">75</fitch:price><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">NED</fitch:ticker><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010200</fitch:industry><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SHF</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SNT</fitch:ticker><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360111</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361018</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Denel (Pty) Limited</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sanlam Life Insurance Ltd.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80362371</fitch:companyid><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031202</fitch:industry><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">AEG</fitch:ticker><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361008</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sanlam Ltd</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360028</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Home Loan Guarantee</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81128265</fitch:companyid><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030300</fitch:industry><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">AMAGB</fitch:ticker><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361270</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361079</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Standard Bank of South Africa Limited</fitch:company><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">07000000</fitch:industry><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361022</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80362335</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Imperial Bank</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360581</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Bidvest Group Ltd.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">84786869</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81219236</fitch:companyid><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Aveng Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Harmony Gold Mining Company Ltd.</fitch:company><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01000000</fitch:industry><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361269</fitch:companyid><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">387012_pr_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/385295_pr_frame</link><guid isPermaLink="false">fitch/385295_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABSA Bank Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABSA Group Ltd.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360077</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80880033</fitch:companyid><pubDate>11/21/2007 2:13:00 PM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">75</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">AMAGB</fitch:ticker><title>Fitch Revises Absa Group and Absa Bank Outlooks to Negative</title><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">385295_pr_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/613975</link><guid isPermaLink="false">spcred/613975</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><title>Summary: Absa Bank Ltd.</title><description>The latest Summary from S&amp;P</description><pubDate>11/19/2007 1:25:43 PM</pubDate><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:type><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">structured</spcred:dataset><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">613975</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">South Africa</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Diversified Banks</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Financial Institutions</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Asset-Backed Securities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Residential MBS</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">The public information ("pi"; unsolicited) rating on Absa Bank Ltd. reflects the bank's strategic importance to its majority shareholder U.K.-based Barclays Bank PLC (Barclays; AA/Stable/A-1+), strong retail position in the South African market, solid financial profile, and dominant position within Absa Group Ltd. (Absa), one of the largest financial service providers in South Africa. The rating continues to be constrained by the socioeconomic and competitive challenges of operating in South Africa and growing competition. Absa is benefiting from integration into Barclays' strong risk-management culture, and from Barclays' value-based management framework and economic profit targeting. In the first half of 2007, the cooperation with Barclays had already resulted in gross cost savings of South African rand (ZAR) 650 million through value-adding</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">ZAF</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">40101010 401010 4010 40</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Absa Bank Ltd. (Unsolicited Ratings)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">306143</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">1032Z@SJ</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">SUMMARY</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">STRUC</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">FI</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">ABS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">RMBS</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/613972</link><guid isPermaLink="false">spcred/613972</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest Full Report from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">structured</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">pubfin</spcred:dataset><pubDate>11/19/2007 1:25:00 PM</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">400</spcred:price><title>Absa Bank Ltd.</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">613972</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">South Africa</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Diversified Banks</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Public Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Financial Institutions</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Utilities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Asset-Backed Securities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Collateralized Debt Obligations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Asset-Backed Commercial Paper</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Commercial MBS</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Residential MBS</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">The public information ("pi"; unsolicited) rating on Absa Bank Ltd. reflects the bank's strategic importance to its majority shareholder U.K.-based Barclays Bank PLC (Barclays; AA/Stable/A-1+), strong retail position in the South African market, solid financial profile, and dominant position within Absa Group Ltd. (Absa), one of the largest financial service providers in South Africa. The rating continues to be constrained by the socioeconomic and competitive challenges of operating in South Africa and growing competition. Absa is benefiting from integration into Barclays' strong risk-management culture, and from Barclays' value-based management framework and economic profit targeting. In the first half of 2007, the cooperation with Barclays had already resulted in gross cost savings of South African rand (ZAR) 650 million through value-adding</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">ZAF</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">40101010 401010 4010 40</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Absa Bank Ltd. (Unsolicited Ratings)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">306143</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">1032Z@SJ</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">FULL</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_seccountry><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">IMN</spcred:index_entry_seccountry><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">GBR</spcred:index_entry_seccountry><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">IRL</spcred:index_entry_seccountry><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">MEX</spcred:index_entry_seccountry><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">06738G</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">06739F</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">06739G</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G0799K</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G0799M</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">06738Q</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">06738R</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G0798F</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G079AA</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">06738C</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G07980</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G0798G</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G0798N</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G0799G</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G0799Y</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">G079A2</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">06739H</spcred:index_entry_seccusip><spcred:index_entry_secgics xmlns:spcred="http://www.alacra.com/spcred">40203010 402030 4020 40</spcred:index_entry_secgics><spcred:index_entry_secgics xmlns:spcred="http://www.alacra.com/spcred">40101010 401010 4010 40</spcred:index_entry_secgics><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Barclays Bank PLC</spcred:index_entry_secissuer><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Barclays Global Investors Trust&amp;Banking Co. Ltd.</spcred:index_entry_secissuer><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Barclays Private Clients International Ltd.</spcred:index_entry_secissuer><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Barclays Bank Ireland PLC</spcred:index_entry_secissuer><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Barclays Bank Mexico S.A.</spcred:index_entry_secissuer><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Barclays PLC</spcred:index_entry_secissuer><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">104471</spcred:index_entry_secissuerid><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">318226</spcred:index_entry_secissuerid><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">371116</spcred:index_entry_secissuerid><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">389892</spcred:index_entry_secissuerid><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">411391</spcred:index_entry_secissuerid><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">426242</spcred:index_entry_secissuerid><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">SUP</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">CAN</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">LATAMERICA</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">PAC</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_secreg><spcred:index_entry_secticker xmlns:spcred="http://www.alacra.com/spcred">BCBEY</spcred:index_entry_secticker><spcred:index_entry_secticker xmlns:spcred="http://www.alacra.com/spcred">1352Z@JP</spcred:index_entry_secticker><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">STRUC</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">PUBFIN</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">FI</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">UTIL</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">ABS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CDO</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">ABCP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CMBS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">RMBS</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item></channel></rss>