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Fitch affirms Wema, Coronation Merchant Bank's rating at 'B-

Published by Tribune on Mon, 11 Oct 2021


Tribune OnlineFitch affirms Wema, Coronation Merchant Bank's rating at 'B-'Fitch Ratings has affirmed Wema Bank Plc's Long-Term Issuer Default Rating (IDR) at 'B-' with a stable outlook. The ratings agency also revised the National Long-Term Rating of Coronation Merchant Bank to 'BBB+ (nga)' from 'BBB (nga)'. The National Long-Term Rating has been upgraded to 'BBB (nga)' from 'BBB-(nga)', reflecting the bank's increased credit-worthiness relative []Fitch affirms Wema, Coronation Merchant Bank's rating at 'B-'Tribune Online
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