Fitch affirms Zenith Bank Plc ‘B+’


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.




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