Fitch Ratings has affirmed Access Bank Plc's (ACCESS) Long-Term Issuer Default Rating (IDR) at 'B' with a Stable Outlook. The Viability Rating (VR) is affirmed at 'b'. A full list of rating actions is at the end of this rating action commentary.

Fitch Ratings has revised the Outlook on Guaranty Trust Bank Plc's (GTB) Long-Term Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'B+'. Fitch has upgraded GTB's Long-Term National Rating to 'AA(nga) from 'AA-(nga)'. All GTB's other ratings have been affirmed. A full list of rating actions is at the end of this rating action commentary.

Fitch Ratings has upgraded United Bank for Africa Plc's (UBA) Long-Term Issuer Default Rating (IDR) to 'B+' from 'B'. The Outlook is Stable. UBA's Viability Rating (VR) has been upgraded to 'b+' from 'b'. A full list of rating actions is at the end of this rating action commentary.

Fitch Ratings has revised the Outlook on the Long-Term Issuer Default Ratings (IDR) of FBN Holdings Plc (FBNH) and its primary operating company, First Bank of Nigeria (FBN) to Positive from Negative and affirmed the IDRs at 'B-'. Fitch has also upgraded the National Long- and Short-Term Ratings of FBNH and FBN to 'BBB(nga)' from 'BB+(nga)' and 'F2(nga)' from 'B(nga)', respectively. A full list of rating actions is at the end of this rating action commentary.