Rating Release

Agusto & Co. affirms the ‘Aa’ rating assigned to Access Bank Plc, with a stable outlook

The rating expires on 30 June 2025.

Agusto & Co. affirms the “Aa” credit rating assigned to Access Bank Plc (“Access Bank” or “the Group”) reflecting its position as Nigeria’s largest bank by total assets and growing franchise across the African continent. The Group’s good capitalisation and asset quality, strong ability to refinance and experienced management team also underpinned the assigned rating. However, the rating is suppressed by the fragile global economy, elevated cost profile (relative to other tier-1 banks) and challenging operating environment in most African countries. We have also attached a “2” ESG score, reflecting our view that environmental, social and governance issues have a minimal impact on the Group’s rating.