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 […]

Fitch Affirms Guaranty Trust Bank at ‘B’; Outlook Stable

September 21, 2021/Fitch Ratings Fitch Ratings has affirmed Guaranty Trust Bank Limited’s (GTB) Long-Term Issuer Default Rating (IDR) at ‘B’ and Viability Rating (VR) at ‘b’. The Outlook is Stable. The Stable Outlook reflects Fitch’s view that risks to GTB’s credit profile are captured at the current rating level, with sufficient headroom, […]