Lagos, 31 August 2023 – GCR Ratings (GCR) has downgraded Coronation Merchant Bank Limited’s national scale long-term issuer rating to BBB-(NG) and A3(NG) from A-(NG) and A2(NG)); with a Negative Outlook. Rated Entity / Issue Rating class Rating scale Rating Outlook/Watch Coronation Merchant Bank Limited Long Term Issuer National BBB-(NG) Negative Outlook Short Term Issuer...
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