Nigeria: Agusto & Co Upgrades Access Bank's Credit Rating to A

1 July 2014

THISDAY Special Release Nigeria's foremost rating firm Agusto & Co has upgraded Access Bank Plc's credit rating from "A" to "A+" with a stable outlook. The rating cements Access Bank's position as a systemically important banking institution in Nigeria and reflects the full synergy of the merger with Intercontinental Bank Plc.

According to a report by Agusto & Co, Access Bank achieved this by actualising a good liquidity position, satisfactory capitalisation as well as an improved risk management framework which has a positive impact on asset quality.

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