The rating provides both investors and customers with an independent and verified view of Bank One’s credit standing
Bank One (www.BankOne.mu) is pleased to announce that it has received a Long-Term Issuer Default Rating (IDR) of ‘BB-‘ with a Stable Outlook from Fitch Ratings for its first rating exercise. The rating was made public by Fitch Ratings (London) on 27 June following a thorough evaluation of Bank One based on key rating drivers.
The new rating confirms our reputation as a trusted partner for our customers
The rating provides both investors and customers with an independent and verified view of Bank One’s credit standing. It is significant to note that from a ratings perspective, Bank One now ranks among the top 15 banks in sub-Saharan Africa. Commenting on the announcement, Mark Watkinson, CEO of Bank One said: “I am delighted that after working closely with Fitch Ratings over the past months, we have been awarded such a positive rating. The new rating confirms our reputation as a trusted partner for our customers and we look forward to growing our business in Mauritius and the rest of sub-Saharan Africa.”
Distributed by APO Group on behalf of Bank One Limited.
