Nigerian banks are sufficiently well capitalised to absorb the impact of the 40 per cent effective devaluation of the Naira against the US dollar, Fitch Ratings stated in a recent release.
Fitch Ratings has affirmed the long-term issuer default rating (IDR) of the pioneer of tower infrastructure sharing in Africa, Helios Towers Nigeria Limited’s (HTN), at ‘B’ with a stable outlook, following its planned acquisition by IHS Holding Limited (IHS).
Access Bank Plc, a leading full service commercial bank with headquarters in Nigeria, and operations across major cities and commercial centers in Sub-Saharan Africa, the UK, China and UAE, today announces an upgrade of its national scale credit rating by Fitch Ratings.
Fitch Ratings has upgraded the United Bank for Africa Plc’s (UBA) Viability Rating (VR) to ‘b’ from ‘b-‘. The bank’s Long-term Issuer Default Rating (IDR) of ‘B+’, Support Rating (SR) of ‘4’ and Support Rating Floor (SRF) of ‘B+’ were however affirmed by one of the global rating giants.