Global Credit Ratings has upgraded the national scale issuer ratings of FairMoney Microfinance Bank. FairMoney’s long-term rating was raised from BBB(NG) to BBB+(NG), while its short-term rating has been upgraded from A3(NG) to A2(NG). The outlook remains stable.
Fairmoney MFB, announcing the upgrade, said that the new ratings reflected improvements in the Nigerian microfinance sector and reinforced its strong industry position, supported by…
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