Mutual Trust MFB Receives "BBB" Rating from DataPro


Tuesday, November 02, 2021 / 03:40 PM /  by DataPro / Header Image Credit: Mutual Trust Microfinance Bank


DataPro, the Technology-Driven Credit Rating Agency (CRA) has in its latest report assigns Mutual Trust MFB long-term rating of "BBB" with a Stable Outlook for the year 2021/2022.


The "BBB" indicates Slight Risk. It shows Fair Financial Strength, Operating Performance and Business Profile when compared to the standard established by DataPro. This Company, in our opinion, has the ability to meet its ongoing obligations, but its financial strength is vulnerable to adverse changes in economic conditions.


The DataPro Rating Committee approved the Rating after assessment of the Company's Financial Performance, Capital Adequacy, Asset Quality, Profitability, Risk Factors and Future Outlook of its current healthy profile in the medium to long-term period.


The Rating of Mutual Trust MFB is supported by the Bank's Very Good Liquidity Position, Good Profitability and Asset Quality.


Mutual Trust MFB had a Short-Term Rating of "A2" which indicates Fair Credit Quality and Adequate Capacity for timely payment of financial commitments.


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 in securities nor a substitute for the user's judgement. It is meant for reference purposes.

Proshare Nigeria Pvt. Ltd.

Related News

  1. Economic Associate's Q4 2021 Conference on Nigeria's Economic Outlook to Hold in 3 States
  2. The GCR Nigerian Corporate Sector Risk Assessment on Agriculture, FMCGs and 10 Others
  3. DataPro Assigns 'A' Rating to Flour Mills of Nigeria Plc
  4. Moody's Announces Completion of a Periodic Review of Ratings of Nigeria
  5. MyCredit Investments Limited (FairMoney) Receives Investment Grade Ratings from GCR
  6. Fitch Affirms Sterling Bank at ''B-''; Outlook Stable
  7. Fitch Affirms Coronation Merchant Bank at ''B-''; Outlook Stable
  8. Fitch Affirms First City Monument Bank at ''B-'';Stable
  9. Fitch Affirms Wema Bank Plc at ''B-''; Outlook Stable
  10. FBNH 100 Days After CBN's Board Removal: The FUGAZE
  11. Fitch Affirms Stanbic IBTC Holdings at 'AAA(nga)'
  12. Fitch Affirms Union Bank of Nigeria at 'B-'; Outlook Stable
  13. Fitch Affirms Fidelity Bank at 'B-'; Outlook Stable
  14. GCR Affirms Union Bank's National Scale Issuer Ratings; Outlook Revised to Stable from Negative
  15. Fitch Affirms UBA at 'B'; Outlook Stable
  16. Fitch Affirms Bank of Industry at 'B' With a Stable Outlook; Upgrades National Rating
  17. Fitch Affirms Guaranty Trust Bank at 'B'; Outlook Stable
  18. Fitch Affirms Access Bank at 'B'; Outlook Stable
  19. Fitch Affirms FBN Holdings Plc and First Bank of Nigeria at 'B-'; Outlook Negative
  20. Highlights of Nigeria's Economic Outlook Conference and Report by Economic Associates

Proshare Nigeria Pvt. Ltd.

Related News