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Fitch Raises Basisbank and Liberty Ratings Outlook to 'Positive'
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International rating agency Fitch Ratings has upgraded the outlook on Basisbank and Liberty to “positive” and affirmed the long-term default rating (IDR) at ‘B+’. The rating change is related to Basisbank’s successful acquisition of a 95.99% stake in Liberty. According to Fitch Ratings, Basisbank’s acquisition of Liberty more than doubles the size of the bank and makes it the third largest bank in the sector. The “positive” outlook reflects Fitc…
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