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Financial rating: Fidelity Bank receives "A+" rating from Global Credit Ratings

03/08/2022
Categories: Companies

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In Ghana, Global Credit Ratings (GCR) is upgrading Fidelity Bank's rating to "A+". The Johannesburg, South Africa-based credit rating agency also affirmed the bank's short-term issuer ratings of "A1" with a stable outlook.

Global Credit Ratings announced that it has upgraded the rating of Ghanaian commercial bank, Fidelity Bank Ghana, to "A+" from "A". Also, the bank's short-term issuer ratings of "A1" have been affirmed with a stable outlook. GCR says the rating upgrade follows the bank's strong capitalization backed by substantial equity.

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