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.