Standard & Poor’s cut its long-term credit rating on the European Union to AA-plus from AAA on Friday, citing rising tensions on budget negotiations. The move follows cuts to the ratings of EU member states in recent months. “In our opinion, the overall creditworthiness of the now 28 European Union […]
Tag: Standard & Poors
Standard & Poor rates Skye Bank ‘B/B’
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 […]
Nigerian bank loans to grow 30 pct this year-S&P
* Loan growth rate to accelerate from last year’s 12 pct * ROE to rise to 18 pct in 2013, from 15 pct last year * Capital ratios expected to fall to 15 pct, from 20 pct (Adds details, background, quotes) A surge in lending is likely to boost […]
