Credit rating agency Moody’s has upgraded Ecobank Transnational Incorporated’s (ETI) outlook from “negative” to “stable”.
In the report seen on Thursday, the rating agency affirmed the financial institution B3/Not Prime long- and short-term issuer ratings; B3 senior unsecured debt rating; b2 notional Baseline Credit Assessment (BCA); and b1 Adjusted BCA.
Also, at the same time, rating analysts at Moody’s said that they had changed the outlook on the group’s long-term issuer and senior unsecured debt ratings to stable from negative.