African Export-Import Bank has played down Fitch Ratings’ decision to downgrade its long-term issuer credit rating to sub-investment grade, insisting that its financial position remains solid...
Global credit rating agency, Fitch Ratings, has upgraded Fidelity Bank Plc’s National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’ while affirming its Long-Term Issuer Default Rating (IDR)...
Fitch Ratings has upgraded Nigeria’s long-term foreign-currency issuer default rating from ‘B-’ to ‘B’ with a stable outlook, citing recent policy reforms that have improved macroeconomic...
Fitch Ratings has projected that Nigeria’s external debt service obligations will rise to $5.2 billion in 2025 as the country continues to navigate mounting fiscal pressures...
Fitch Ratings has announced the withdrawal of Dangote Industries Limited’s National Long-Term Rating and senior unsecured rating of ‘B+(nga)’ due to unresolved debt refinancing concerns. The...
Union Bank of Nigeria PLC (UBN) has seen a sharp decline in its credit ratings, according to a recent downgrade by Fitch Ratings. The international credit...
Fitch Ratings, the international credit rating agency, has forecasted that Nigeria’s currency, the naira, will stabilize at 1,450 against the United States dollar by the end...
Fitch Ratings has upgraded Egypt’s credit outlook to positive, reflecting growing confidence in the North African nation’s economic prospects following an international bailout of $57 billion....
Fitch Ratings has upgraded Nigeria’s credit outlook to positive, citing the country’s reform progress under President Bola Tinubu’s administration. This decision is a turning point for...
Fitch Ratings has downgraded China’s economic outlook to negative, citing concerns over the country’s mounting debt and the ongoing slump in its real estate sector. This...