DataPro, the technology-driven Credit Rating Agency (CRA) has in its latest report affirmed Guaranty Trust Bank Limited long-term rating of “AA+” with a positive outlook for the year 2021/2022. Guaranty Trust Bank Limited is a subsidiary of Guaranty Trust Holding Company Plc also known as GTCO Plc.

The “AA+” indicates lower risk. It shows excellent financial strength, operating performance and profile when compared to the standards established by DataPro.

In DataPro opinion, the bank has a very strong ability to meet its ongoing obligation.

Read also: Infinity MFB Limited receives “BBB” rating from Datapro

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The DataPro rating committee approved the rating after assessment of the company’s financial performance, capital adequacy, asset quality, liquidity, profitability, governance, risk & compliance, risk factors and future outlook of its current healthy profile in the medium to long-term period.

The rating of Guaranty Trust Bank Limited is supported by its diversified revenue base, experienced management, strong capitalisation and brand presence.

Guaranty Trust Bank Limited had a short-term rating of “A1+” which indicates highest credit quality and strongest 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 judgment. It is meant for reference purposes.

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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