(The following statement was made by Fitch Ratings) Fitch Ratings has assigned Nigeria-based Access Bank Plc’s (Access) issue of USD300m 10.5% senior unsecured notes due 2021 a ‘B’ rating. The Recovery Rating is ‘RR4’, which denotes average recovery prospects given default. The notes were issued under the bank’s USD1bn global medium term note (GMTN) programme. ...
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