Ghanaian Banks To Suffer Considerably In 2023- Fitch Solutions
Banks in Ghana, according to research agency, Fitch Solutions, will suffer considerably this year in areas of loan growth and quality as well as profitability. In a recent report on ...
Tag: Fitch ratings
Resumption Of Local Bonds Payments Triggers Credit Rating Upgrade By Fitch
Fitch, an international rating agency, has upgraded Ghana’s Long-Term (LT) Local-Currency (LC) Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. The upgrade of the ratings on Ghana’s LC denominated debt ...
Rating Agencies Downgrades Becomes Ghana’s Current Hurdles, Expectation Of More Downgrades As Economy Remains ‘Standstill’
Prof. Eric Osei-Assibey, a Senior Lecturer at the Department of Economics - University of Ghana, has warned against the expectation of more downgrades from rating agencies until a deal is ...
Fitch Downgrades Ghana’s Creditworthiness To Immense Junk Status, Attributes ‘Restricted Default’ To Government Bonds
Fitch Ratings, a leading provider of credit ratings, commentary and research for global capital markets has downgraded Ghana's Long-Term (LT) Local Currency (LC) Issuer Default Rating (IDR) to Restricted Default ...
Stanbic IBTC Bank Emerges First In Retail And Corporate Banking In Nigeria
Stanbic IBTC Bank has emerged first in retail and corporate banking in a survey conducted by KPMG Nigeria on Banking Industry Customer Experience (CX). According to the report, Stanbic IBTC ...
Ghanaian Banks’ Capital To Weaken On Sovereign Debt Restructure – Fitch Ratings
Fitch Ratings has warned that Ghanaian banks could face significant pressure on their capitalization due to the restructuring of local-currency (LC) sovereign debt. Fitch believes banks will suffer large economic ...
Fitch Predicts Downgrade of More African Banks in 2023
Fitch Ratings, a leading provider of credit ratings, has predicted that the deteriorating global and domestic shocks will undermine credit drivers for African banks in 2023, which will lead to the ...
APRM Condemns Latest Downgrade Of Ghana By Credit Rating Agencies
The African Peer Review Mechanism (APRM), an organ of the African Union (AU) that supports African countries in the area of credit ratings, has condemned latest downgrade of Ghana’s economy ...
Credit Ratings Downgrade of Ghana Has Derating Implications on the Stock Market- Analyst
Gifty Annor-Sika Asantewah, a financial analyst and advisor to Geldex Invest, has predicted that the downgrade of Ghana by the major rating agencies has the tendency of affecting the stock ...
Afreximbank Upgraded By Two Major Rating Agencies
Pan-African multilateral financial institution, African Export-Import Bank (Afreximbank), has been upgraded by two major rating agencies, Fitch Ratings and the Global Credit Rating (GCR). Fitch Ratings upgraded Afreximbank Long-Term Issuer ...
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