(The following statement was released by the rating agency) Fitch Ratings says in its 2014 Outlook report for Sub-Saharan African (SSA) sovereigns that growth will pick up in 2014, helped by recovery in Europe, but financial market turbulence linked to Fed tapering could pose challenges for sovereigns with twin deficits […]
Tag: Fitch Ratings
Fitch: Global Credit Growth to Pick Up in Developed World; Slowing in EMs
Fitch Ratings says in its latest Macro-PrudentialRisk Monitor that global real lending growth should pick up to 4% this year, after having slowed to 2.5% in 2012, as credit contraction in the developed world and emerging Europe ends while EM growth continues, albeit slowing. This would take lending growth back […]
Fitch Affirms 8 Nigerian Banks Ratings, Downgrades UBN
Fitch Ratings, an international rating agency, Monday affirmed its Long-term Issuer Default Ratings (IDR) on eight Nigerian banks, even as it downgraded Union Bank of Nigeria Plc (UBN). A statement from Fitch listed the banks whose ratings it maintained to include Zenith Bank Plc, First Bank of Nigeria Limited, United […]
