Fitch Downgrades Nigeria's Diamond Bank to 'CCC'
Fitch Ratings has downgraded Diamond Bank Plc's (NGSE:DIAMONDBNK) Long-Term Issuer Default Rating (IDR) to 'CCC' from 'B-' and Short-Term IDR to 'C' from 'B'. Diamond's National Long-Term Rating has been downgraded to 'B(nga)' from 'BB+(nga)'. A full list of rating actions is at the end of this rating action commentary.