BY EMEKA EJERE
DataPro, the Technology-Driven Credit Rating Agency (CRA), has in its latest report affirmed Guaranty Trust Bank Limited a long-term rating of “AA+” with a Positive outlook for the year 2021/2022.
According to DataPro, the “AA+” indicates lower risk and shows Excellent Financial Strength, Operating Performance and Profile when compared to the standards established by the rating agency.
Specifically, the agency further noted that, “This Bank, in our opinion, has a very strong ability to meet its ongoing obligation. The DataPro Rating Committee approved the Rating after assessment of the Company’s Financial Performance, Capital Adequacy, Asset Quality, Liquidity, Profitability, Governance, Risk & Compliance, Risk Factors and Future Outlook of its current healthy profile in the medium to long-term period.”
DataPro notes that the Rating carries a maximum shelf life of 12 calendar months, in line with international best practice. The Rating is therefore not an offer to trade insecurities nor a substitute for the user’s judgement. It is meant for reference purposes.