Rating Release
Agusto & Co. hereby upgrade Fidelity Bank Plc Rating to ‘A+’, with a stable outlook
The rating expires on 31 December 2025.
Agusto & Co. hereby upgrades the rating assigned to Fidelity Bank Plc (‘Fidelity Bank’ or ‘the Bank’) to “A+” on the back of a growing franchise, good profitability, good liquidity profile and adequate capitalisation. Offsetting these positive rating factors are obligor and sectorial concentration in the loan book and the prevailing macroeconomic headwinds. An ESG score of ‘2’ has also been attached to the rating, reflecting our view that environmental, social and governance issues have minimal contribution to the Bank’s credit rating.