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.
The “AA+” indicates Lower Risk. It shows Excellent Financial Strength, Operating Performance and Profile when compared to the standards established by DataPro.
The Bank, in DataPro’s opinion, has a very strong ability to meet its ongoing obligation.
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 Capitalization 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 judgement. It is meant for reference purposes.