Standard & Poor, the global rating agency, has assigned ‘B/B’ counterparty credit and ‘ngBBB/ngA-2’ national scale ratings to Skye Bank Plc. According to the rating agency, the stable outlook assigned to the bank indicates the bank’s business and financial profile will remain broadly unchanged over the next 12 months. It […]
World News
New IMF Resident Representative to Jamaica Begins Duty
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The new International Monetary Fund (IMF) Resident Representative to Jamaica Bert van Selm has started duty in Kingston at the end of July. According to the IMF, van Selm has been with the Fund since 2000, and has worked on country teams in […]
Fitch Rates First Bank of Nigeria’s Tier 2 Note Issue
Fitch Ratings has assigned First Bank of Nigeria Ltd’s (FBN; B+/Stable) USD300m 8.25% subordinated debt (Tier 2 notes) due August 2020 a final rating of ‘B-‘. The notes will be callable in August 2018, at which point the interest rate will reset to the sum of 6.875% plus the prevailing […]
