The role of national development banks in Africa’s growth discourse cannot be overestimated. Fitch Ratings, a credit rating agency indicates that financial sustainability remains a challenge for African National Developments, ...
Fitch Ratings, in a new report has affirmed that Egyptian banks are still facing the brunt of the pandemic one-year on. Particularly, the banks are struggling with asset-quality deterioration and ...
The Credit Ratings Agency, Fitch Ratings has observed that Ghana risks exposing itself to a heavy debt-service burden and fiscal slippages following the 2021 budget presented on the 12th March ...
Severe debt challenges persist although South Africa’s budget for the fiscal year ending 2021 reflects an upbeat in revenue generation, Fitch ratings says. The South African government still faces tremendous ...
Credit Ratings Agency, Fitch Ratings has intimated that South Africa's sovereign rating of BB-/Negative still presents a key pressure on the country's bank ratings, as banking sector data for year-end ...
The International Ratings Agency, Fitch Ratings has upgraded United Bank of Africa, UBA (Ghana) Limited’s Long-Term Issuer Default Rating (IDR)— a measure of the default risk of an agency, to ...
The International Ratings Agency, Fitch Ratings has said that the implementation of the African Continental Free Trade Area Agreement (AfCFTA) is unlikely to influence rating adjustments for sovereigns in the ...
Moody’s Investors Service predicts a negative outlook for African banks in 2021 as a result of the difficult operating conditions and sovereign pressures straining banks’ credit profiles amid the global ...
Ghana and some six sub-Sahara African countries have been identified as those in the region whose rating outlook- credit worthiness for 2021 continue to remain negative, although, GDP growth of ...
Fitch Ratings projects a stable outlook for African Banks in 2021 as they see a gradual normalization with business volumes and revenues picking up. This is according to its latest ...
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