Tag: Fitch Rating
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Lagos retains Fitch’s B+ rating despite Visionscape payments default
Global credit rating agency Fitch Ratings has affirmed the positive economic ratings of Lagos State despite the missed contracted services payment by Visionscape Sanitation Solutions. The waste management agreement between the state and the waste managers did not work. In a statement, the global credit rating agency said the state’s B+/(AA+(ngn)/ ratings remained stable and…
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Fitch upgrades Access Bank’s rating to ‘A+’
One of the global rating agency, Fitch Ratings, has upgraded Access Bank’s National Long-Term Rating to ‘A+ from ‘A. The firm also affirmed the Bank’s Long-Term Issuer Default Rating (IDR) at ‘B’. The rating agency stated in its latest report: “Access Bank’s IDRs are driven by the Bank’s intrinsic creditworthiness as defined by its Viability…