London, 26 April 2016 -- Moody's Investors Service has today upgraded by one notch the senior unsecured and issuer ratings of Investec plc (holding company of Investec Bank plc (IBP)) to Baa1 from Baa2, with stable outlook. The short-term issuer rating of Prime-2 was affirmed. The ratings upgrade reflects the benefit to senior holding company creditors of Investec plc's ownership of Investec Asset Management Ltd. (IAM), in the event of the resolution of the bank. The rating agency's estimate of the potential value of the business, even during a period of distress at IBP, is sufficient to materially reduce the expected loss for holding company creditors and thus supports today's one notch upgrade.

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