Fitch

Fitch Ratings upgrades Nigeria to ‘B’ stable outlook

•Expects limited impact of US tariffs on Nigeria’s trade position Fitch Ratings has upgraded Nigeria’s Long-Term (LT) Foreign-Currency (FC) Issuer…

3 weeks ago

Fitch revises outlook on Fidelity Bank to positive, affirms Long-Term IDR at ‘B-’

FITCH Ratings has revised the outlook on Fidelity Bank Plc’s LongTerm Issuer Default Rating (IDR) to positive from stable, while…

11 months ago

Fitch expects CBN to continue raising interest rate to curb economic challenges

Despite criticisms that trailed the recent 400 basis points (bp) increase of benchmark interest rate to 22.75 percent, by Nigeria’s…

1 year ago

Fitch explains why rating action was taken on Ecobank, Stanbic IBTC, FCMB, others

Fitch Ratings has given specific reasons for its latest rating action on  Nigerian Banks. According to the rating agency, the…

1 year ago

Fitch projects reinsurance market to soften in 2025 with increase capitalisation

FITCH Ratings agency has projected that the reinsurance market will soften in 2025 with increasing capital levels globally and interest…

1 year ago

Fitch places Union Bank rating watch as new management assumes office

Fitch Ratings has placed Union Bank of Nigeria Plc’s (UBN) Issuer Default Ratings (IDRs), Viability Rating (VR) and National Ratings…

1 year ago

Fitch places Union Bank on rating watch negative

Fitch Ratings has placed Union Bank of Nigeria PLC's (UBN) Issuer Default Ratings (IDRs), Viability Rating (VR) and National Ratings…

1 year ago

Fitch Downgrades Coronation Merchant Bank Limited to ‘CC’; Off Rating Watch Negative

Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘B-’ and…

1 year ago

Fitch publishes corrected version of UBA Rating, affirms group at ‘B-’, outlook stable

FITCH Ratings has affirmed United Bank for Africa (UBA) Plc’s Long-Term Issuer Default Rating (IDR) at ‘B-’ with a Stable…

2 years ago

Fitch identifies FirstBank’s strengths in new ratings

In the last Fitch ratings where FirstBank and FBN Holdings Plc were affirmed at ‘B-’; Outlook Negative, the ratings agency…

7 years ago

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