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...
Sub-Saharan African Economy Outlook is Negative, to Contract by 2.1% in 2020 Fitch Ratings has predicted that growth in the Sub-Saharan African region would contract by...
Nigeria’s Foreign Reserves to Plunge to $23.3bn in 2020 – Fitch Fitch Ratings, one of the world’s global rating agencies, on Monday said Nigeria’s foreign reserves...
Fitch Lowers Nigeria’s Foreign-currency Nigeria’s long-term foreign-currency issuer was downgraded from B+ to B by the Fitch Ratings on Monday. The negative outlook was a result...
Fitch Says Nigeria’s Recovery to Remain Sluggish Fitch Ratings, a global ratings agency, said Nigeria’s economic recovery will remain sluggish due to the high unemployment and...