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Fitch affirms Guaranty Trust holding company at 'B-'; outlook positive

Fitch affirms Guaranty Trust holding company at 'B-'; outlook positive
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Nigeria's Jaiz Bank gets 'B-'; Outlook Stable

Fitch Ratings has affirmed Jaiz Bank PLC's (Jaiz Bank) Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook and its Viability Rating (VR) at 'b-'. Fitch has also affirmed the bank's National Long-Term Rating at 'BBB+(nga)' and assigned a Stable Outlook. Key Rating Drivers Jaiz Bank's IDRs are driven by its standalone creditworthiness, | ....

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Coronation Merchant Bank Placed on Fitch Rating Watch Negative

Fitch Ratings has placed Nigeria-based Coronation Merchant Bank Limited's (CMB) Long-Term Issuer Default Rating (IDR) at 'B-' and Viability Rating (VR) at 'b-' on Rating Watch Negative (RWN). Fitch has also downgraded CMB's National Long-Term Rating to 'BBB-(nga)' from 'BBB+(nga)' and placed it on RWN. The RWN reflects increased pressure on the bank's capital ratios | ....

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RPT: Fitch Affirms UBA Group Rating at 'B-'; Outlook Stable

This rating action commentary replaces the version published on 6th June 2023 to correct the capitalisation and leverage score. Fitch Ratings has affirmed United Bank for Africa (UBA) Plc's Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. Fitch has also affirmed the bank's National Long-Term Rating at 'A+(nga)' and assigned a Stable | ....

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Fitch Ratings Affirms Ecobank Nigeria at 'B-'; Outlook Stable

Fitch Ratings has affirmed Ecobank Nigeria Limited's (ENG) Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. Fitch has also affirmed its National Long-Term Rating at 'BBB (nga)' and assigned a Stable Outlook. Key Rating Drivers ENG's IDR is driven by its standalone creditworthiness, as expressed by its Viability Rating (VR) of 'b-'. | ....

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