Agusto & Co. affirms Access Bank Plc’s ‘Aa-’ rating, with a stable outlook

Agusto & Co. affirms Access Bank Plc’s ‘Aa-’ rating, with a stable outlook

Rating Release

Agusto & Co. affirms Access Bank Plc’s ‘Aa-’ rating, with a stable outlook.

 The rating expires on 30 June 2022.

The rating reflects the Bank’s status as Nigeria’s largest bank by total assets, which has upheld a strong refinancing capacity across the local and international debt capital markets. The assigned rating also reflects Access Bank’s stable and experienced management team and good liquidity profile. However, the rating is constrained by the obligor concentration in the loan book, the adverse impact of the weak economic recovery and regulatory changes in the Nigerian banking industry.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.

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