Moody’s gives Access Bank notes B2

Moody’s Investors Service said it assigned provisional ratings of B2 to Access Bank plc's proposed issuance of up to NGN 15 billion five-year senior notes.

The agency said the rating on the notes is aligned with Access' B2 local currency deposit rating and issuer ratings, reflecting that the debt securities will be unsecured and unsubordinated obligations of Access and will rank at least equally with all other senior unsecured and unsubordinated obligations of the bank at all times.

© 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.