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African Bank Reduced to Junk at Moody’s as Bad Loans Hit Profit – Bloomberg

loans - Google News May 30th, 2014 Loans.



African Bank Reduced to Junk at Moody's as Bad Loans Hit Profit
Bloomberg
African Bank Holdings Ltd. (ABL), the largest provider of unsecured loans in South Africa, had its foreign rating cut to junk status by Moody's Investors Service after writing down a record amount of bad loans. The lender's creditworthiness was ...

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