DATAPRO® Affirms Nova Merchant Bank Limited’s Long-Term and Short-Term Issuer Ratings of “A+” and “A1” – Stable Outlook DataPro, the Technology-Driven Credit Rating Agency has affirmed NOVA Bank Limited’s Long-Term rating of A+ and short-Term ratings of A1 with Stable Outlook. The rating agency explained that the bank was rated...
In recognition of the strong underlying fundamentals driving its business, Datapro reaffirmed an “A” rating on the Bank’s N10 billion 7-Year Subordinated Unsecured Bond issued under its N50 billion debt issuance programme. The bond has a fixed coupon rate of 12% per annum. This achievement follows the recent publication of...
