Fitch Upgrades Fidelity Bank’s Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’

Fitch Ratings has upgraded Fidelity Bank Plc’s National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’ and affirmed its Long-Term Issuer Default Rating (IDR) at ‘B’, reflecting improved capitalisation and stronger profitability. The global credit rating agency announced the upgrade on May 29, 2025, citing the bank’s recent successful capital raise—via a rights issue and public offer—as [...]The post Fitch Upgrades Fidelity Bank’s Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’ first appeared on Business Hallmark.

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