Fitch Foresees Upgrade of Ecobank’s National Ratings As Exchange-rate Volatility Recedes
Fitch Ratings foresees an Ecobank Nigeria upgrade of ENG’s National Ratings which would result from strengthening its creditworthiness relative to other Nigerian issuers. According to the international rating agency, it expects to resolve the Rating Watch Negative (RWN) of ENG “within the next six months when exchange-rate volatility may recede, the impact on regulatory capital […]
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