Zimbabwe bank keeps rating

Stanbic Bank Zimbabwe’s national scale long term issuer and short-term issuer ratings have been affirmed at AA(ZW) and A1+(ZW) respectively, by GCR ratings.

The affirmation of the Zimbabwe-based financial services company’s rating reflects its strong business profile supported by good market share, diversification, franchise strength and track record of revenue stability.

GCR has also kept the outlook at stable on the expectation that the company’s asset quality will not deteriorate materially and that it will maintain sound financial performance. This is on the back of the coronavirus disease 2019 (COVID-19) crisis.

See issuer details here