Fitch Fears Another Naira Devaluation, Downgrades 3 Banks
Dipo Olowookere By Dipo Olowookere The ratings of three banks in Nigeria have been downgraded Fitch Ratings amid fears that…
Fitch Ratings
Fitch Returns Nigeria’s Outlook to Stable, Forecasts 2% GDP Growth
**Says Inflation to Remain at Double Digits through 2019 **Debt to Hits 292% of Revenue **Buhari Expected to…
Fitch Rates Seplat Proposed Dollar-Denominated Bond Issuance
By Dipo Olowookere Last week, one of the companies listed on the Nigerian Stock Exchange (NSE), Seplat Petroleum…
Fitch Assigns Final Rating of ‘B+’ to Nigeria’s $1.5b Notes
Modupe Gbadeyanka A final rating of ‘B+’ has been assigned to Nigeria’s $1.5 billion notes by renowned rating agency, Fitch…
Nigerian Banks’ Eurobonds to Ease FC Maturity Gaps—Fitch
By Dipo Olowookere The issuance of Eurobonds by Nigerian banks has been described by Fitch Ratings as a…
Access to Forex in Nigerian Banks Improving—Fitch
By Dipo Olowookere Globally renowned rating agency, Fitch Ratings, has said that access to foreign currency at banks…
Fitch Rates Nigeria’s USD Notes ‘B+’
By Dipo Olowookere Nigeria’s $1 billion 15-year 7.875 percent senior unsecured notes have been assigned a final rating…
Fitch Revises Nigeria’s Outlook to Negative; Affirms at ‘B+’
By Modupe Gbadeyanka Fitch Ratings has revised the Outlook on Nigeria’s Long-Term Foreign and Local Currency Issuer Default…
Fitch Downgrades Seven Energy Int’l Ltd to ‘RD’
By Modupe Gbadeyanka Fitch Ratings has downgraded Nigeria-based Seven Energy International Limited’s Issuer Default Rating to ‘RD’ from…
Fitch Rates Kaduna State ‘B’; Outlook Stable
By Modupe Gbadeyanka Fitch Ratings has assigned Kaduna State Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs)…