CR upgrades Nedbank Zimbabwe’s credit rating

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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 to…