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Fitch upgrades Fidelity Bank
Fitch Ratings said it upgraded Fidelity Bank plc's long-term issuer default rating to B from B-.
“The upgrade reflects Fidelity's improving business profile and resilient financial metrics,” the agency said in a press release.
Fitch also raised Fidelity's national long-term rating to A(nga) from BBB+(nga), mirroring the bank's increased creditworthiness relative to other Nigerian issuers.
The outlook is stable.
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