29.05.2024: First Investment Bank's Ratings from Fitch Ratings
To: Financial Supervision Commission Supervision of Investment Activities Department 16,...
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To: Financial Supervision Commission Supervision of Investment Activities Department 16,...
Piazza Garibaldi 16 Tel. 0342 528.111 - Fax 0342 528.204 Websites: htt...
Fitch Ratings has said the Central Bank of Nigeria may be issuing regulations that would hinder the banking sector support to revised the Nigerian economy as it revised the Outlook on the Long-Term Issuer Default Ratings (IDRs) of five Nigerian banks and one bank holding company to Positive from Stable, as it affirmed the Long-term IDRs at 'B-'.
Fitch maintained the Rating Watch Negative (RWN) on First City Monument Bank's (FCMB) and Union Bank of Nigeria PLC's (UBN) Long-Term IDRs of 'B-' and National Long-Term Ratings of 'BBB+(nga)' and 'BBB(nga)', respectively.