Lagos, 31 March 2022 – GCR Ratings (“GCR”) has downgraded LAPO Microfinance Bank Limited’s national scale long-term issuer rating to BBB-(NG) from BBB(NG), with the Outlook placed on negative rating watch. At the same time, GCR has affirmed the short-term issuer rating of A3(NG). Rated Entity Rating class Rating scale Rating Outlook/Watch LAPO Microfinance Bank...
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