Fitch takes Access Bank from watch

Fitch Ratings said it affirmed Access Bank plc's ' long-term issuer default rating (IDR) at 'B' and removed it from rating watch negative.

“The removal of Access's long-term IDRs, viability rating (VR) and national ratings from RWN reflects Fitch's view of receding near-term risks to the bank's credit fundamentals from the economic fallout arising from the oil price crash and coronavirus pandemic,” the agency said in a press release.

The outlook is negative.

© 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.