Standard&Poor's Applies Its Revised Bank Criteria To Five South African And Five Nigerian Banks

LONDON (Standard&Poor's) Dec. 1, 2011--Standard&Poor's Ratings Services today said it reviewed its ratings on five Nigerian and five South African banks by applying its new ratings criteria for banks and updated group methodology, which were published on Nov. 9, 2011. See the ratings list for the ratings on these entities and their relevant subsidiaries, including any rating changes that resulted from applying our new criteria. We will publish individual research updates on each bank identified below including a list of ratings on affiliated rated entities. The research updates will be available at www.standardandpoors.com/AI4FI and on RatingsDirect on the Global Credit Portal. Ratings on specific issues will be available on RatingsDirect on the Global Credit Portal and

RESEARCH Standard & Poor's Applies Its Revised Bank Criteria To Five South African And Five Nigerian Banks Publication date: 01-Dec-2011 Primary Credit Analyst: Bernard de Longevialle, Paris (33) 1-4420-7334; bernard_delongevialle@standardandpoors.com...

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