September 23, 2021/Fitch Ratings Fitch Ratings has affirmed United Bank for Africa (UBA) Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’. UBA’s National Short-Term IDR has also been upgraded to ‘F1+(nga)’ from ‘F1(nga)’, reflecting the bank’s continuing solid funding and liquidity profile, which is a rating strength. The Outlook on the bank […]
Money Market
Fitch Affirms FBN Holdings Plc and First Bank of Nigeria at ‘B-‘; Outlook Negative
September 23, 2021/Fitch Ratings Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of FBN Holdings Plc (FBNH) and its primary operating subsidiary, First Bank of Nigeria Ltd (FBN), at ‘B-‘. The Outlooks are Negative. A full list of rating actions is below. The Negative Outlooks primarily reflect corporate […]
Fitch Affirms Access Bank at ‘B’; Outlook Stable
September 23, 2021/Fitch Ratings Fitch Ratings has affirmed Access Bank Plc’s (Access) Long-Term Issuer Default Rating (IDR) at ‘B’ and Viability Rating (VR) at ‘b’. The Outlook is Stable. A full list of rating actions is below. The Stable Outlook reflects Fitch’s view that risks to Access’s credit profile are captured at […]
