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FITCH RATINGS
News and analysis about fitch ratings
Ghana’s banking sector is poised for a significant shift as new regulations from the Bank of Ghana (BoG) compel financial institutions to reduce their non-performing loan (NPL) ratios by the end of 2026.
Fitch Ratings has revealed that while most banks are expected to exit the regulatory forbearance regime by December 2025, a select few will continue operating under forbearance beyond the period.
Credit rating agency Fitch Ratings has affirmed the Long-Term (LT) Issuer Default Ratings (IDRs) of Kogi and Oyo States at 'B' with a Stable Outlook, citing both states' continued dependence on revenue transfers from the federal government.
Fitch Ratings has warned that Nigerian banks face rising risks due to their heavy exposure to government debt...
Global credit rating agency Fitch Ratings has upgraded Wema Bank’s National Long-Term Rating from BBB(nga) to A–(nga), reflecting improved financial stability and a stronger growth outlook for the bank.
The African Export-Import Bank (Afreximbank) has challenged Fitch Ratings’ recent decision to revise its outlook on the institution to negative, asserting that its financial position remains robust and its legal framework shields it from the risks cited by the rating agency.
A new Africa-led credit rating agency is set to begin operations by the end of September 2025, aiming to offer an alternative to the global “big three” agencies, Fitch, Moody’s, and S&P.
Global credit rating agency Fitch Ratings has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’...
Fitch Ratings has upgraded Cross River State’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-’, assigning a Stable Outlook.
Fitch Ratings, a leading provider of credit ratings, commentary and research, has said that Nigerian third-tier banks are...
Personal Loans owed by Nigerians to commercial banks fell from N7.52 trillion in the first quarter of 2024 to N3.47 trillion in the second quarter of the year as Nigerians continue to face high interest rates on their debts.
Fitch Ratings has stated that the ongoing foreign exchange (FX) reforms are necessary to boost foreign direct investment (FDI) and foreign portfolio investment (FPI).