Fitch affirms Ecobank Transnational

Fitch Ratings has affirmed Ecobank Transnational Inc.'s long-term issuer default rating at B. The outlook is stable.

“ETI's issuer default ratings are driven by its intrinsic creditworthiness, as defined by its b viability rating (VR), which is assessed based on the group's consolidated risk profile,” the agency said in a news release.

“ETI's ratings are equalised with those derived from the group's consolidated profile due to a high degree of fungiblity of capital and liquidity (subject to the local requirements of its subsidiaries) as well as integrated liquidity management within the group (which helps ETI and its subsidiaries get temporary access to foreign currency (FC) liquidity in case of need).”

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