Fitch Ratings has revised the outlooks of nine Nigerian banks and two bank holding companies to Positive from Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, First HoldCo Plc (FHC), First Bank of Nigeria Ltd (FBN), United Bank for Africa Plc (UBA), Guaranty Trust Holding Company Plc (GTCO), and Guaranty Trust Bank Limited (GTB).
Others are Fidelity Bank PLC, First City Monument Bank Limited (FCMB), Wema Bank PLC and Bank of Industry Limited (BOI).
Their Long-Term Issuer Default Ratings (IDRs) have been affirmed at ‘B’.
More to follow…