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...
The Central Bank of Nigeria (CBN)’s announcement of a new Foreign Currency Gateway Bank has stirred concerns over the liquidity of Nigerian banks, according to recent...
Fitch, one of the leading global credit rating agencies, has said that the Central Bank of Nigeria (CBN) still lacks sufficient foreign exchange (forex) to clear...
Treasury Secretary Dismisses Downgrade as 'Arbitrary' and 'Outdated', Democrats and Republicans Point Fingers
The projection stems from Ecobank Nigeria notable improvement in creditworthiness compared to other Nigerian issuers.
Fitch Ratings has affirmed Fidelity Bank Plc's credit rating at 'B-' with a stable outlook, according to its recent report
Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-‘ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded...
Global Credit Rating Company Limited (GCR) is pleased to announce that Moody’s Corporation (NYSE: MCO) has acquired a majority (51%) stake in GCR. GCR is a...
Global credit rating agency Fitch Ratings has affirmed the African Development Bank’s credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the...
Fitch Agency Revises Nigeria’s Growth Projection for 2021 Fitch Ratings, one of the world’s leading agencies, has revised down Nigeria’s growth projection for 2021. The global...