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Print Agusto & Co upgrades Wema Bank to ‘A-’
Pan-African rating agency Agusto & Co. has upgraded the ratings of Wema Bank to “A-” from “Bbb+” with a stable outlook. According to a statement on Thursday, the rating, which became effective on June 17, reflected the improving business risk profile of the lender. In the rating report, Agusto & Co. said, “Wema Bank’s profitability has shown marked...
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