Moody's validates Access Bank’s credit ratings

Access Bank Plc, the parent company of Access Bank Ghana, has received a favourable credit rating in its first-time rating by Moody’s Investors Service.

Moody's, a global rating agency, assigned first-time foreign currency issuer and local currency deposit ratings of Ba3 with stable outlooks to Access Bank Plc, which has operations across major cities and commercial centres in Sub-Saharan Africa, the United Kingdom and China.

It also assigned Access Bank a Counterparty Risk Assessment (CRA) of Ba3 (cr)/Not Prime (cr).

The ratings are underpinned by a b2 Baseline Credit Assessment (BCA) which measures an issuer’s stand-alone financial strength.

According to the agency, “Access Bank's b2 stand-alone profile reflects a solid asset quality metrics, underpinned by tangible improvements in loan underwriting standards and risk management in recent years.

“It also indicates a robust capital and liquidity buffers, supported by sustainable internal capi