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Fitch Ratings

27 Sep 2021
Fitch Ratings has upgraded the Bank of Industry’s (BoI) National Long-Term Rating to ‘AAA(nga)’ from ‘AA+(nga);’ and affirmed the bank’s long-term issuer default rating (IDR) at ‘B’ with a stable outlook.
1 Apr 2019
Fitch Ratings has affirmed the positive economic rating of Lagos State despite the defaulted debt of Visionscape Sanitation Solutions (VSS), which halted the waste management agreement.In a statement dated March 28, 2019, Fitch said the state.....
1 Apr 2019
A global credit rating agency, Fitch Ratings, has affirmed the positive economic ratings of Lagos State despite the missed contracted services payment by Visionscape Sanitation Solutions as a result of halting of the waste management agreement.
9 Feb 2018
Fitch Ratings has affirmed Sterling Bank’s Long-Term Issuer Default Rating (IDR) of ‘B-’ and National Long-Term Rating of ‘BBB-(nga)’ with a stable outlook...
6 Feb 2018
A global rating agency- Fitch Ratings, in its latest report, has upgraded Access Bank’s National Long-Term Rating to ‘A+ from ‘A and at the same time affirmed the bank’s Long-Term Issuer Default Rating (IDR) at ‘B’.
10 Apr 2017
Fitch Ratings has affirmed that Nigerian banks remain profitable despite the challenging macroeconomic environment and the consequent rise in their debtors’ inability to honour their loan obligations.
26 Jan 2017
International ratings agency, Fitch Ratings yesterday revised the outlook on Nigeria’s long-term foreign and local currency issuer default ratings (IDRs) to negative from stable, putting it at ‘B+’.
10 Aug 2016
Fitch Ratings has affirmed the national ratings of the Bank of Industry (BoI) as well as seven other banks.
26 Jul 2016
Fitch Ratings, the global leader in credit ratings and research, has re-affirmed the AAA (nga)’ ratings of Stanbic IBTC Holdings Plc. Stanbic IBTC was given a similar rating last year after a thorough
14 Jul 2016
Specifically, while Fitch downgraded major banks from various credit rating levels in its latest rankings of financial institutions’ ability to attract and repay debts, eight got positive affirmation and upward reviews.
30 May 2016
The country is facing rising balance of payments pressures due to the depressed commodity price cycle, which has affected the value of its metal minerals exports.

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