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    GCR Places Sterling Bank Ratings on Review Extension

    Julius AlagbeBy No Comments1 Min Read
    GCR Places Sterling Bank Ratings on Review Extension

    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

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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