GCR Extends The “Under Review” Notice on Trust Bond Mortgage Bank Plc’s Ratings.

02 Oct 2017 In Market Alerts

GCR Extends The “Under Review” Notice on Trust Bond Mortgage Bank Plc’s Ratings.

Lagos, 30 September 2017—Global Credit Ratings has further extended the ‘Under Review’ notice placed on TrustBond Mortgage Plc’s national scale long term and short term ratings of BB+(NG) and A3(NG) respectively. While the rating recently expired, GCR is far advanced with the current rating review and expects to publically release the updated rating result by 31 October 2017.

NATIONAL SCALE RATINGS HISTORY

Initial/ last rating (August 2016)
Long term: BB+(NG)
Short term: (A3(NG)
Outlook: Stable


ANALYTICAL CONTACTS

Primary Analyst                                                                                              
Julius Adekeye                                                                                                
Senior Credit Analyst                                                                                          
+234 1462 2545                                                                                                
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Committee Chairperson
Dave King
Chairman
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