Fitch Ratings has placed First City Monument Bank Limited's (FCMB) Long- and Short-Term Issuer Default Ratings (IDRs), Viability Rating (VR) and National Ratings on Rating Watch Negative (RWN) following the sharp devaluation of the Nigerian naira. Fitch has simultaneously affirmed seven other Nigerian banks' and three bank holding companies' (BHCs) ratings, all with Stable Outlooks. |