GCR Affirms LAPO MFB Rating, Revises Outlook To Stable

GCR Ratings has affirmed the national scale long- and short-term issuer ratings of LAPO Microfinance Bank Limited at BBB-(NG) and A3(NG) respectively, while revising the outlook from negative to stable, citing robust capitalisation despite liquidity concerns and modest competitive positioning. In its latest credit opinion, GCR highlighted that LAPO’s strong capital base remains the bank’s … Continue reading GCR Affirms LAPO MFB Rating, Revises Outlook To Stable