AGRICULTURE NEWS - Farmers who will require financing from the Land and Development Bank of South Africa (Land Bank) in the near future will continue to encounter difficulties in accessing such funding due to the bank’s current long-standing liquidity challenges.
This has been now been compounded by a further ratings downgrade by ratings agency Moody’s Investors Service (Moody’s).
Moody’s recently downgraded Land Bank’s corporate family rating (CFR) and long-term issuer ratings to a sub-investment grade.
Read the full article here on the Caxton publication, Farmer's Weekly
