Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection of the agency’s view that environmental, social and governance issues have minimal contribution to the Bank’s credit rating. According to a note on the Agusto & Co. website, “The rating reflects Fidelity Bank’s improved profitability, strong ability to refinance, adequate capitalisation and low level of impaired credits.” Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 7.5 million customers serviced across…
Read MoreAGUSTO & CO. AFFIRMS FIDELITY BANK’S “A” RATING, WITH STABLE OUTLOOK
