Slowing progress on government reforms before 2015 elections in Nigeria, Africa’s second-largest economy, is keeping the country from getting a better credit rating, according to Fitch Ratings. “We are clearly in a pre-election period now in Nigeria and we have seen a slowdown on the reform front,†Richard Fox, Fitch’s […]
Tag: Fitch Ratings
Fitch, GCR Assign UBA Positive Ratings
The United Bank for Africa (UBA) Plc has said it was given impressive ratings by two leading rating agencies- Global Credit Rating Company (GCR) and Fitch Ratings (Fitch). A statement from the bank at the weekend said the ratings attested to the group’s strong liquidity, solid risk management and robust […]
Slow bank lending to persist in 2013 – Fitch
Indications have emerged that industrialists and entrepreneurs may continue to suffer lack of access to loans from deposit money banks in 2013. A report by Fitch obtained by our correspondent on Monday said, “We expect loan growth to be subdued until second half of 2013, as the market adjusts to […]
