Fitch Rates Access Bank's Senior Notes 'B'
(The following statement was released by the rating agency) LONDON/PARIS, October 24 (Fitch) Fitch Ratings has assigned Nigeria-based Access Bank Plc's (Access) issue of USD300m 10.5% senior unsecured notes due 2021 a 'B' rating. The Recovery Rating is 'RR4', which denotes average recovery prospects given default. The notes were issued under the bank's USD1bn global medium term note (GMTN) programme. Part of the new notes issued were pursuant to Access' exchange offer on its existing USD35