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Development Bank of Southern Africa affirmed with stable outlook - Fitch


Published : Fri, 30 Nov 2007 10:18
By : Agencies
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MUMBAI (Thomson Financial) - Fitch Ratings affirmed the Development Bank of Southern Africa Ltd's (DBSA) ratings with a stable outlook, citing the support the bank enjoys from its 100 pct owner, the nation's government.

The following ratings were affirmed: National long-term 'AAA(zaf)', national short-term 'F1+(zaf)' and support '2'.

DBSA has a track record of strong and improving financial performance, acceptable asset quality indicators and strong levels of capitalisation, Fitch added.

TFN.newsdesk@thomson.com

ran/jro

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