Fitch: Diamond Bank notes B

Fitch Ratings said it assigned an expected long-term rating of B to Diamond Bank plc's dollar-denominated senior debt notes with a recovery rating of RR4.

The structure of the notes is not yet finalized and the final rating is contingent upon the receipt of final documents conforming to information already received, the agency said.

The rating is aligned with Diamond's long-term issuer default rating of B, Fitch said.

The rating is sensitive to a change in Diamond's issuer default ratings, the agency said.

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