Home Companies&Markets Fitch Revises GTB and Zenith Banks’ National Ratings

Fitch Revises GTB and Zenith Banks’ National Ratings

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FRI, MAY 01 2020-theG&BJournal-Fitch Ratings Thursday revised Guaranty Trust Bank Plc’s (GTB) and Zenith Bank Plc’s National Long-Term Ratings to ‘AA(nga)’ and ‘AA-(nga)’, respectively. Fitch also revised their National Short-Term Ratings to ‘F1+(nga)’ from ‘F1(nga)’, underscoring the banks’ strength to meet their financial commitment.

Fitch said the rating actions follow the recalibration of the Nigerian National Ratings Scale following the downgrade of the sovereign on 6 April 2020.

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