GCR Places Sterling Bank Ratings on Review Extension
Emerging market Africa rating agency, GCR, has placed Sterling Bank Limited’s national scale long and short-term issuer ratings of BBB (NG)/A3 (NG) on review extension, it said in a statement.
The emerging market rating said it also placed Sterling Investment Management SPV Plc’s Series 2 N32.89 billion fixed rate senior unsecured bond rating of BBB-(NG), on review extension.
The rating process is ongoing, and GCR expects to publicly release the updated rating results before September 30, 2024. However, GCR said ratings assigned at the last review are still in effect and remain unchanged until the review process is completed. #GCR Places Sterling Bank Ratings on Review Extension
