Tag: Credit Rating

What is credit rating?
Titbit

What is credit rating?

So many materials are available on credit rating and how important the concept is to: individuals, big, small and medium scale businesses. At a point in time, everyone has in one way or the other borrowed money from someone either a friend, family or from the bank with the promise […]

What Does Nigeria’s Junk Credit Rating Means?
Big Business

What Does Nigeria’s Junk Credit Rating Means?

Some hours ago, Standard & Poor’s, popular called S&P credit rating agency announced that it has downgraded Nigeria’s to junk credit rating status. Many people might not understand what a ‘junk’ credit rating means. Well, a ‘junk’ rating is one of many credit score that a country, an organisation and an individual […]

Fitch Retains Lagos Ratings To B+, Outlook Stable
Policy

Fitch Retains Lagos Ratings To B+, Outlook Stable

There is a good news on the economic viability of Lagos state, Nigeria’s economic capital as Fitch Ratings has affirmed Lagos State’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘B+’ with Stable Outlook. The issue ratings on the MTN programme and senior unsecured bonds, all in local currency, […]

SnapCredit Is A Payday Lender Betting On Employers
Startups

SnapCredit Is A Payday Lender Betting On Employers

SnapCredit is a new entrant into the unsecured lending category. However the company has a small twist to its products.The company somewhat simplifies unsecured lending. SnapCredit only ‘provides instant credit solutions to employees’. As opposed to RenMoney and One Credit, the Snap credit ‘collaborate with employers and provide their staff […]

Fitch Downgrades Nigeria to B+, Outlook Stable
Big Business

Fitch Downgrades Nigeria to B+, Outlook Stable

The much expected sovereign credit worthiness rating downgrade for Nigeria has just begun. Fitch, an American-based credit rating agency has taken the first shot at Nigeria. In a statement released by the agency on its website, Fitch said “Nigerian banks are sufficiently well capitalised to absorb the impact of the 40% […]