Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Z > Headlines for Zenith Bank plc > News item |
Fitch rates Zenith Bank notes B+
Fitch Ratings said it assigned Zenith Bank plc's upcoming issuance of $500 million five-year senior unsecured notes an expected rating of B+(EXP).
The recovery rating is RR4, which denotes average recovery prospects in the event of default.
The notes will be issued under Zenith's updated $1 billion global medium-term note program.
The senior unsecured notes are rated in line with Zenith's long-term issuer default rating of B+. In the agency's view, the likelihood of default on these notes reflects the likelihood of default of the bank.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.