Moody’s upgrades Ecobank’s outlook to stable, driven by the group’s financial strength

Moody’s has upgraded the outlook of Ecobank Transnational Incorporated (ETI) from “negative” to “stable”, while confirming the B3/Not Prime ratings for its short and long-term debts. This decision is based on the improvement of the group’s fundamentals and the progress of the recapitalization of Ecobank Nigeria, its main subsidiary. In its report published on Wednesday,…...