GCR Ratings upgrades Fidelity Bank Plc’s national scale long-term issuer rating to A Plus (NG) from A (NG), while keeping its short-term issuer rating at A1 (NG). The rating outlook remains stable.
The upgrade is linked to Fidelity Bank’s improved capital position, including an increase to its total core capital by NGN227.0 billion. Sources also emphasize that the bank’s funding profile continues to be supported by a large and stable deposit base.
Across the two outlets, the central focus is the same: GCR’s decision is driven by stronger capitalization and the affirmation of Fidelity’s funding strength. Premium Times highlights the bank’s funding profile and stable deposits as a continuing positive factor, while Daily Post Nigeria provides additional detail on the rating movements, outlook, and the specific increase in core capital that underpins the upgrade.
