Coronation Bank

Fitch revises Coronation Merchant Bank’s Outlook to Stable; Affirms IDR rating at ‘B-’

Fitch revises Coronation Merchant Bank’s Outlook to Stable; Affirms IDR rating at ‘B-’

Fitch Ratings has revised the outlook on Coronation Merchant Bank’s Long-Term Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B-’. The global rating agency has also affirmed the Bank’s Viability Rating (VR) at ‘b-’ and National Long-Term Rating at ‘BBB (nga)’. According to Fitch Ratings, “Coronation Merchant Bank has good […]