Fitch Ratings Archives

Nigeria to witness economic crisis, high fiscal deficits over decision to reduce daily oil production – Fitch

May 20, 2020

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Nigeria’s decision to take off 417,000 barrels per day from its crude oil production quota will lead to deeper economic contraction and higher fiscal deficits, says Fitch Ratings. The rating agency also added that the decision will further compound pressures on the country’s external finances resulting from the slump in oil prices, the nation’s main…

UBA gets Fitch Rating’s stable outlook

Feb 5, 2018

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Olaotan Falade

in Business News

Leading global credit rating agency, Fitch Ratings, has affirmed the long-term issuer default rating of the United Bank for Africa (UBA) at “B”, with a stable outlook. According to Fitch, the rating of UBA was driven by the standalone creditworthiness of the bank, as defined by its viability rating, which is constrained by Nigeria’s operating…

Stanbic IBTC retains AAA national Fitch ratings

Dec 3, 2017

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Olaotan Falade

in Business News, Nigeria

Stanbic IBTC Bank PLC and its holding company, Stanbic IBTC Holdings PLC, have retained their AAA national ratings by Fitch Ratings, the global leader in credit ratings, reaffirming their strong fundamentals and stability, especially the ability to meet their financial commitments as they fall due. In the report issued yesterday, Monday, November 27, 2017, the…

Tag: Fitch Ratings

Nigeria to witness economic crisis, high fiscal deficits over decision to reduce daily oil production – Fitch

UBA gets Fitch Rating’s stable outlook

Stanbic IBTC retains AAA national Fitch ratings