Bank Windhoek Limited

CHAMWE KAIRA GCR Ratings (GCR) has affirmed Bank Windhoek Limited’s Namibian long and short-term national scale issuer ratings AA(NA)/ A1+(NA) respectively, GCR has announced. At the same time, the South African long-term issuer rating has been affirmed at A(ZA). The rating outlooks remain stable. GCR has also confirmed Capricorn Group Limited's Namibian long- and short-term national scale issuer ratings AA-(NA)/A1+(NA), respectively, with a stable outlook. The ratings of Bank Windhoek Limited reflect the strengths and weaknesses of Capricorn Group Limited. The group views the bank as its core operating subsidiary, accounting for a larger portion of its total assets and…