Fitch downgrades Nigeria’s credit rating to near Junk status
Nigeria is now rated six notches above default, and on par with Ecuador and Angola. According to a Friday statement, ...
Tag: Fitch Ratings
News and analysis about fitch ratings
Fitch says Nigerian banks can withstand the depreciation of the naira
Since the CBN announced that it was redesigning N200, N500 and N1000 notes, there has been a significant increase in ...
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. ...
Fitch upgrades Fidelity Bank’s issuer default rating from ‘B-’ to ‘B’
Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased ...
Oil price surge to boost Nigeria’s foreign reserve by almost $3 billion – Fitch
Fitch Ratings has projected that Nigeria's foreign reserves would increase to $43 billion in 2022, up from $40.5 billion at ...
Fitch forecasts world growth to slow down in 2022
International credit rating agency, Fitch Ratings, has projected that the world's growth would slow down in 2022. This was disclosed ...
Fitch sees connection between insurers’ credit ratings and cybersecurity
Fitch Ratings, a provider of credit ratings, in a recent report, has established a positive correlation between insurance companies’ credit ratings, and Security Scorecard’s (SSC) cybersecurity grades. ...
Fitch revises Coronation Merchant Bank’s National Long-Term Rating to ‘BBB+ (nga); Affirms IDR rating at ‘B-‘
Fitch Ratings has revised the National Long-Term Rating of Coronation Merchant Bank to 'BBB+ (nga)' from 'BBB (nga)'. The global ...
Fitch Ratings affirms FCMB’s IDR at ‘B-‘ with a positive outlook
Fitch Ratings has affirmed First City Monument Bank (FCMB) Long-Term Issuer Default Rating (IDR) at 'B-with a stable outlook. This ...
Fitch Ratings upgrades Bank of Industry’s National Rating to ‘AAA(nga)’
Fitch Ratings has upgraded Bank of Industry’s National Long-term Rating to ‘AAA(nga)’ from ‘AA+(nga)’ and affirmed the bank’s Long-Term Issuer ...
