Fitch affirms Guaranty Trust

Fitch Ratings said it affirmed Guaranty Trust Bank plc's long-term foreign-currency issuer default rating at B+, short-term foreign-currency issuer default rating at B and viability rating at B+.

The agency also said it affirmed the bank's national long-term rating at AA-(nga), national short-term rating at F1+(nga), along with GTB Finance BV's senior notes at B+ with a recovery rating of RR4. The notes are guaranteed by Guaranty Trust Bank.

The ratings reflect the bank's strong franchise, acceptable level of capitalization and improving financial performance indicators, Fitch said.

Further improvements in financial performance are expected, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.