International Ratings Agency Fitch affirmed Ratings of Basisbank
International Ratings Agency Fitch has affirmed Basisbank’s ratings. Agency experts affirmed the Bank’s Long-term Issuer Default Ratings (IDR) at “B-” with a Stable Outlook. Basisbank’s ratings reflect that currently capitalization is adequate and non performing loans are low. Throughout the year the Bank made progress in diversifying the funding base – Fitch Ratings said in the statement.