Fitch Revises Nigerian Banks’ Issuer Default Ratings Downwards

Fitch Revises Nigerian Banks’ Issuer Default Ratings Downwards

By Obinna Chima Fitch Ratings has revised downward the Long-Term Issuer Default Ratings (IDRs) of First Bank of Nigeria Limited, FBN Holdings Plc (FBNH), Diamond Bank Plc, Fidelity Bank Plc, First City Monument Bank Limited (FCMB) and Union Bank of Nigeria Plc to ‘B-’ from ‘B’. The agency, however, affirmed the Long-Term IDRs of Zenith […]
Source: Fitch Revises Nigerian Banks’ Issuer Default Ratings Downwards

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post culled from thisdaylive