Fitch Downgrades Barclays Africa Group & Absa Bank to 'BBB-'
Fitch Ratings has downgraded Barclays Africa Group Limited (BAGL) and Absa Bank Limited's (Absa) foreign currency Long-term Issuer Default Ratings (IDR) to 'BBB-' from 'BBB' and the local currency Long-term IDRs to 'BBB-' from 'BBB+'. A full list of rating actions is at the end of this rating action commentary.