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Fitch pulls Zenith Bank from watch
Fitch Ratings said it affirmed Zenith Bank plc's long-term issuer default rating at B and removed it from rating watch negative.
“The removal of the RWN on Zenith's long-term IDR, viability rating (VR) and national ratings reflects Fitch's view of receding near-term risks to the bank's credit fundamentals from the economic fallout arising from the oil price crash and coronavirus pandemic,” the agency said in a press release.
The outlook is stable.
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