30 results
- 26 Mar 2021
Fitch Assigns Insurance Underwriter, Allstate A+Rating
Fitch Ratings has affirmed The Allstate Corporation’s core property/casualty insurance subsidiaries’ Insurer Financial Strength (IFS) ratings at ‘A+’ (Strong). Fitch has also affirmed the ratings of…
- 30 Jan 2026
Fitch Downgrades Afreximbank to ‘BB+’/Stable Amid Concerns Over Ghana’s Debt
Fitch Ratings has downgraded African Export-Import Bank’s (Afreximbank) Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-’. Fitch also downgraded Afreximbank’s Short-Term IDR to ‘B’, from…
- 21 Jul 2020
Fitch Affirms Triple ‘A’ Rating of AfDB, with Stable Outlook
According to the agency, “the ‘AAA’ rating of the AfDB is driven by extraordinary support it receives from its shareholders, which Fitch Ratings assesses at ‘aaa’” Fitch Ratings, the global credit…
- 11 Jun 2024
Fitch Upgrades Coronation Merchant Bank Rating to ‘B-’, Outlook Stable
Fitch Ratings has upgraded Coronation Merchant Bank Long-Term Issuer Default Rating (IDR) to ‘B-2’from ‘CC’ and its Viability Rating (VR) to ‘b-’ from ‘cc’. Fitch has also upgraded the bank’s…
- 3 Dec 2020
Forex Liquidity Presents Risks to Nigerian Banks’ Ratings – Fitch
Fitch Ratings has said foreign currency liquidity presents a significant risk to Nigerian banks’ ratings. The international rating organisation said this in its report on Tuesday entitled ‘Fitch…
- 31 Dec 2012
Fitch, GCR Give UBA Good Ratings
United Bank for Africa (UBA) Plc, has been given impressive rating by two top world leading rating agencies, Global Credit Rating Co. (GCR) and Fitch Ratings (Fitch). Nasir Ramon, bank’s head of…
- 26 Aug 2020
Fitch Affirms Coronation Merchant Bank’s rating @ B-
Coronation Merchant Bank emerged the first and only internationally rated merchant bank in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency. Fitch assigned the…
- 31 Dec 2012
Fitch, GCR Give UBA Good Ratings
United Bank for Africa (UBA) Plc, has been given impressive rating by two top world leading rating agencies, Global Credit Rating Co. (GCR) and Fitch Ratings (Fitch). Nasir Ramon, bank’s head of…
- 23 Mar 2017
Banks’ Problems to Persist- Fitch
Nigerian banks will continue to face challenges this year, following an extremely difficult 2016, according to Fitch Ratings. Fitch Ratings.explained that banks faced multiple threats from the…
- 30 Dec 2018
Fitch Places Diamond Bank, Access Bank on Rating Watch over Proposed Merger
Fitch Ratings, renowned rating agency, has placed Diamond Bank and Access Bank, on its rating watch, following the announcement of a proposed merger between the Nigerian lenders. In a…
- 8 Oct 2014
Fitch Says Nigerian Banks Performing Well Despite Hurdles
Europen rating agency, Fitch Ratings, yesterday gave Nigerian banks clean bill of health, in spite of the Central Bank of Nigeria’s (CBN) tight monetary policy and new banking rules. The rating…
- 28 Feb 2013
Lagos State Gets ‘AA (nga)’ Ratings from Fitch
Fitch Ratings, renowned global rating agency, has revised the Outlook on Lagos states’ ‘National Long-term rating’ to Positive from Stable, and subsequently affirmed it at 'AA(nga)'. The agency…
- 27 Jan 2017
Fitch Downgrades Nigeria into Negative
Fitch Ratings Ltd. revised the outlook on Nigeria to negative from stable over concerns that a lack of foreign exchange will hamper the economy, and affirmed the West African nation’s rating at B+,…
- 2 Jun 2025
Fitch Upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’
Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The…
- 27 Sept 2021
Fitch Upgrades Bank Of Industry’s National Rating to ‘AAA(Nga)’
Fitch Ratings has upgraded Bank of Industry’s (BoI) National Long-Term Rating to ‘AAA(nga)’ from ‘AA+(nga);’ and affirmed the Nigeria-based bank’s Long-Term Issuer Default Rating (IDR) at ‘B’ with a…
- 17 Oct 2013
Nigeria’s Economy Gets Fitch’s ‘BB’ Rating
Fitch Ratings has affirmed Nigeria’s long-term foreign and local currency IDRs and senior unsecured bond ratings at ‘BB-’ and ‘BB’ . The outlook is stable, according to the agency, which also…
- 13 Sept 2021
Fitch Upgrades Lagos Rating to AAA
Fitch Ratings, an Internationally renowned rating agency, in its recent publication outlining the standing of the State has upgraded Lagos State ratings from AA+ (nga) to AAA(nga) for its good…
- 14 Jun 2021
Fitch Assigns IHS Holding Ltd First-Time IDR 'BB-'
Fitch Ratings has assigned IHS Holding Limited (IHS Holding) a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook and a senior unsecured instrument rating of 'BB-' with a…
- 9 Apr 2020
Stanbic IBTC Retains AAA, F1+ Fitch National Ratings
According to a recent report by Fitch Ratings, a globally-renowned credit rating agency, Stanbic IBTC Holdings PLC and its banking subsidiary, Stanbic IBTC Bank PLC, have retained their National…
- 19 May 2013
Fitch Assigns FBN Holdings Plc 'B' IDR
The London based rating agency, Fitch Ratings has assigned FBN Holdings Plc (FBNH) a Long-term Issuer Default Rating (IDR) of 'B' and Short-term IDR of 'B'. The Outlook on the Long-term IDR is…
- 30 Sept 2021
Fitch Affirms Union Bank’s Long-term Issuer Rating at ‘B-, Stable Outlook
Following a comprehensive rating process, Fitch Ratings has affirmed Union Bank’s Long-Term Issuer Default Rating at ‘B- with a stable outlook. The lender’s Long Term National rating was also…
- 8 Dec 2017
Fitch cuts Nigeria's 2017 GDP Growth Forecast to 1%
Fitch has cut its 2017 economic growth forecast for Nigeria to 1 percent from 1.5 percent, the ratings agency said on Friday. Nigeria returned to growth in the second quarter of 2017 after shrinking…
- 10 Jun 2024
Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’
Fitch Ratings has revised the outlook on Fidelity Bank PLC's LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at 'B-'. The credit rating agency has also…
- 17 Aug 2020
COVID-19: CBN of Little Help to Banks - Fitch Ratings
Fitch Ratings, leading global rating agency, has said the Central Bank of Nigeria (CBN) punishes rather than help banks through the crisis caused by the coronavirus (COVID-19) crisis. Mr. Godwin…
- 13 Dec 2012
Fitch Says Bharti Airtel Strong Despite Infratel's Equity Offering
Fitch Ratings has said that Bharti Airtel's debt rating is unlikely to be affected by the initial public offering of $821 million by its 86.1%-owned subsidiary - Bharti Infratel. This is…
- 14 Jul 2016
Fitch Affirms UBA’s Viability Rating as Agusto Upgrades Rating to “Aa”
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…
- 14 Aug 2015
Fitch Affirms African Development Bank at 'AAA'
Fitch Ratings has affirmed the African Development Bank (AfDB)'s Long-term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook. The Short-term IDR has been affirmed at 'F1+'. A full list of…
- 21 Jul 2021
Fitch, GCR Upgrade Afreximbank’s Outlook
African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient…
- 20 Jul 2022
Fitch Affirms ‘B-’ Rating for Coronation Merchant Bank
Fitch Ratings has affirmed Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. According to the global rating agency, “the bank’s sound…
- 18 May 2018
Fitch Affirms Nigeria at B+, Dollar steady
by Lukman Otunuga Fitch Ratings has affirmed Nigeria’s long-term foreign currency Issuer Default Rating (IDR) at ‘B+’ with a negative outlook. While B+ is encouraging as the nation continues…