October 5, 2010

Fitch Ratings has affirmed Nigeria-based Zenith Bank Plc’s (Zenith) ratings at Long-term foreign currency Issuer Default Rating (IDR) ‘B+’, Short-term foreign currency IDR ‘B’, Individual ‘D’, Support ‘4’, National Long-term ‘AA-(nga)’, and National Short-term ‘F1+(nga)’. The Outlook for the Long-term IDR is stable. The Support Rating Floor is affirmed at ‘B+’.

Zenith Bank is one of Nigeria’s banks that was successful in the Central Bank of Nigeria’s special audit last year.

Source:NEXT