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Fitch affirms UBA Ghana at 'B-'; Outlook stable

โ€œUBA Ghana's VR of 'ccc' reflects our view that failure remains a real possibility due to high exposure to the Ghanaian sovereign ('RD') through securities. This is despite losses incurred in the sovereign domestic debt restructuring, forthcoming external debt restructuring and impending loan quality issues being tolerable due to large capital buffersโ€, it pointed out.
Fitch Ratings Multimedia Group Africa Plc United Bank Africa Ghana Limited Long Long Term Issuer Default Rating

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Coronation Merchant Bank Placed on Fitch Rating Watch Negative

Fitch Ratings has placed Nigeria-based Coronation Merchant Bank Limited's (CMB) Long-Term Issuer Default Rating (IDR) at 'B-' and Viability Rating (VR) at 'b-' on Rating Watch Negative (RWN). Fitch has also downgraded CMB's National Long-Term Rating to 'BBB-(nga)' from 'BBB+(nga)' and placed it on RWN. The RWN reflects increased pressure on the bank's capital ratios |
National Long Coronation Merchant Bank Limited Fitch Ratings National Rating Central Bank Nigeria Based Coronation Merchant Bank Limited

Fitch Ratings Affirms Ecobank Nigeria at 'B-'; Outlook Stable

Fitch Ratings has affirmed Ecobank Nigeria Limited's (ENG) Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. Fitch has also affirmed its National Long-Term Rating at 'BBB (nga)' and assigned a Stable Outlook. Key Rating Drivers ENG's IDR is driven by its standalone creditworthiness, as expressed by its Viability Rating (VR) of 'b-'. |
National Ratings Fitch Ratings Ecobank Nigeria Limited National Long Subsidiary Of Pan African Group Central Bank

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