30 results
- 3 Aug 2022
Global Credit Rating Affirms NOVA Merchant Bank’s Bbb, A3 Ratings
Global Credit Rating has affirmed NOVA Merchant Bank Limited’s national scale long and short-term ratings of BBB(NG) and A3(NG) respectively, with a Stable Outlook. The ratings agency explained that…
- 17 Oct 2021
Fairmoney Receives Investment Grade Ratings from Global Credit Ratings
FairMoney Nigeria, a digital bank, has obtained investment-grade ratings, BBB (NG) Long Term, and A3 (NG) Short Term with a stable outlook by Global Credit Rating (GCR). The assigned ratings were…
- 16 May 2021
CBN Signals Harmonisation of Forex Rates with Removal N379/$1 Rate from Website
Central Bank of Nigeria (CBN) at the weekend began gradual harmonisation of exchange rates with the removal of N379/$1 official rate from its website. The move by the apex bank is one of the first…
- 15 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…
- 15 Apr 2019
NOVA Merchant Bank Rated Investment Grade by 2 Leading Rating Agencies
NOVA Merchant Bank Limited, in yet another milestone, has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-). This is in furtherance of its…
- 3 Sept 2024
Rating Agencies Reaffirm Globus Bank National Credit Rating of A-, Stable Outlook
Globus Bank said Nigeria’s foremost rating agencies, Agusto & Co last month, affirmed its A- rating, describing the bank as “A financial institution of good financial condition and strong…
- 23 Jun 2025
S&P Global Ratings Downgrades Ecobank Nigeria’s Credit Rating to CCC-, Outlook Negative
Ecobank Nigeria’s long-term issuer credit rating has been downgraded to ‘CCC-’ from CCC, with the outlook placed at negative by S&P Global Ratings. This is a resultant effect of the $150 million…
- 2 Aug 2021
Agusto & Co Assigns ‘AAA’ Rating, Stable Outlook on DBN
Agusto & Co., a credit rating agency assigns an “AAA” rating on the Development Bank of Nigeria Plc, DBN, the highest rating possible on any institution. In summarizing the rating, which…
- 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…
- 15 Jan 2024
Fitch Cautions Against Regulatory Actions on Union Bank Not to Trigger Downgrade Rating
Rating agency, Fitch Ratings, has said that increased regulatory actions or funding instability may lead to a downgrade rating for Union Bank of Nigeria. In its latest rating of the bank, it placed…
- 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…
- 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…
- 4 Oct 2016
S&P Downgrades MTN's Credit Ratings
Ratings agency Standard & Poor's (S&P) has lowered the MTN group's credit ratings, following the downgrade of Nigeria's sovereign rating last month. MTN confirmed the ratings downgrade in a…
- 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…
- 8 Jul 2013
Standard & Poor Lowers Nokia's Ratings on NSN Buyout
Standard & Poor's Ratings Services has lowered Nokia's long-term debt rating to 'B+' from 'BB-' and affirmed its 'B' short-term corporate credit rating. The outlook is stable. ¬The rating action…
- 9 Feb 2022
Sovereign Trust Insurance Gets GCR A Rating
International Credit Rating Agency, Global Credit Rating Limited (GCR) has confirmed Sovereign Trust Insurance Plc as an A rated underwriting firm. The agency gave the confirmation at its 2021 rating…
- 9 Aug 2021
GCR Assigns Investment Grade Ratings to Greenwich Merchant Bank
Greenwich Merchant Bank Limited has been rated BBB- (NG) Long Term, and A3 (NG) Short Term with a stable outlook by global credit rating agency, GCR Ratings. The assigned rating is premised on…
- 8 Aug 2022
Agusto Assigns “Bbb” Rating to Comercio Partners
Agusto & Co, a foremost rating agency, has assigned a “Bbb” rating to Comercio Partners Limited, CPL. In a statement announcing the rating, Augusto said: “The rating reflects CPL’s low leverage,…
- 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…
- 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…
- 31 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…
- 21 Jul 2021
Agusto, GCR Affirm InfraCredit’s ‘AAA’ Long Term Credit Ratings
Rating agencies, Agusto & Co and Global Credit Ratings (GCR) have re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited (InfraCredit), specialised infrastructure…
- 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…
- 26 Aug 2022
Agusto, GCR Affirm ‘AAA’ Long Term Credit Rating of InfraCredit
For the fifth consecutive year, rating agencies, Agusto & Co (“Agusto”) and Global Credit Ratings (“GCR”) re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited…
- 28 Feb 2022
VFD Group Plc Gets “A” Rating
DataPro, the technology-driven credit rating agency has assigned VFD Group Plc a long-term rating of “A” with a Stable outlook for the year 2022/2023. The rating company, in a statement issued at the…
- 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…
- 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…
- 23 Jun 2021
MTN Nigeria Gets Highest Possible Credit Ratings from GCR
Global Credit Ratings (GCR) has upgraded the national scale long-term issuer rating of MTN Nigeria Communications Plc (MTN Nigeria) to AAA and affirmed the national scale short-term rating of A1+,…
- 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…
- 23 Jun 2021
MTN Nigeria Bags CGR Highest Credit Ratings with Stable Outlook
The Global Credit Ratings (GCR) has upgraded the national scale long-term issuer rating of MTN Nigeria to AAA and affirmed the national scale short-term rating of A1+, with a stable outlook. In…