Lagos, 22 August 2022 – GCR Ratings (“GCR”) has upgraded FCMB Asset Management Limited’s (“FCMB AM” or “the asset manager”) national scale long-issuer rating to A-(NG) from BBB+(NG). This follows the recent positive rating action on FCMB Group Plc’s (“the Group”) core operating entity, First City Monument Bank Limited (“the bank”). The short-term issuer rating...
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