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Fitch places Ecobank rating on negative watch as naira devaluation weighs

Ecobank Nigeria is particularly susceptible on account of the elevated risk around the capital from its huge impaired loans that are denominated in foreign currency. ....

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Naira devaluation: Fitch places Ecobank rating on negative watch

Fitch Ratings has placed ETI's and ENG's VRs of 'b-' and IDRs of 'B-' on Rating Watch Negative (RWN) following naira devaluation. ....

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Societe Generale : Fitch Revises Societe Generale's Outlook to Positive; Affirms at "A-"- 2023

7/3/23, 6:13 PM

Fitch Revises Societe Generale s Outlook. ....

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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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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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