Business

Fitch downgrades Nigeria’s IDR to ‘B-’amid macroeconomic uncertainties

Ihesiulo Grace 13 November 2022 0

By Motolani Oseni Fitch Ratings has downgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘from ‘B’ with a stable outlook amidst macroeconomic uncertainties, noting that the interest payments on debt stock exceed government revenue in the first half of 2022. The

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Fitch affirms Sterling Bank’s ratings, outlook stable

Ihesiulo Grace 9 February 2018 0

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 for reasons that include its coherent strategy and ability to attract more stable deposits in challenging operating conditions. Cutting through the industry’s jaded product offerings through

Business

Why commercial banks may struggle to sustain profitability in 2018-Fitch

Ihesiulo Grace 8 January 2018 0

An international credit rating agency, Fitch rating has predicted that commercial banks operating in Nigeria may find it challenging to sustain profitability in 2018, given the decline in net Treasury Bill (T-bill) issuance programme in the first quarter of 2018. The rating agency, noted that the Central Bank of Nigeria (CBN) Treasury Bill (T-Bills) slowdown […]

Business

Fitch Affirms UBA’s Viability Rating as Agusto Upgrades Rating to “Aa”

Ihesiulo Grace 14 July 2016 0

…as UBA stock now best performing on the exchange   Fitch International, one of the foremost global rating agencies has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”, as the pan-African banking group continue to sustain its benchmark asset quality and strong profitability amidst industry and macroeconomic challenges. UBA is one of […]