Agusto & Co. assigns a “Aa-” rating to Access Bank Plc
The rating expires on 30 June 2020.
The rating assigned to Access Bank Plc (‘Access Bank’ or ‘the Bank’) reflects the Bank’s good profitability & liquidity, as well as an experienced and stable management team. This is in addition to a good brand franchise, buoyed by strong market share following the 2019 merger with Diamond Bank Plc, which lifted its industry position within the Tier I bank category. Access Bank Plc’s performance over the years has been reflective of a dedicated strategy to expand its scope of offerings and become a global payments gateway, facilitating transactions not just within Nigeria and across Africa, but between Africa and the rest of the world. This appetite for expansion has spurred internal initiatives to grow the Bank’s business both organically and through mergers & acquisitions.
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