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Home » CR upgrades Nedbank Zimbabwe’s credit rating
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CR upgrades Nedbank Zimbabwe’s credit rating

written by Almot Maqolo, Staff Writer 0 comments
Nedbank, which currently operates 10 branches nationwide, has also rolled out a new ATM on 5th Avenue in Harare to widen service options.
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GCR Ratings (GCR), a member of Moody’s Rating Agency, has upgraded Nedbank Zimbabwe’s national scale long-term issuer rating to A+ (ZW) from A (ZW), with a stable outlook. Accordingly, the bank’s shortterm national scale issuer rating has been affirmed at A1 (ZW). “The ratings upgrade reflect the increase in competitiveness score for Nedbank Zimbabwe relative…

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