{"id":230707,"date":"2022-07-07T12:26:11","date_gmt":"2022-07-07T10:26:11","guid":{"rendered":"https:\/\/www.africa-newsroom.com\/press\/fitch-rates-bank-one-bb-with-a-stable-outlook?lang=en"},"modified":"2022-07-07T12:26:11","modified_gmt":"2022-07-07T10:26:11","slug":"fitch-rates-bank-one-bb-with-a-stable-outlook","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/fitch-rates-bank-one-bb-with-a-stable-outlook\/","title":{"rendered":"Fitch Rates Bank One ‘BB-‘ with a Stable Outlook"},"content":{"rendered":"
\"Bank<\/div>\n

<\/p>\n

Bank One (www.BankOne.mu<\/a>) 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.<\/p>\n<\/p>\n

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<\/em>.”<\/p>\n

Distributed by APO Group on behalf of Bank One Limited.<\/i><\/p>\n

Media Contact:<\/strong>
\nAli Mamode, Head of Marketing & Communications
\nTel: +230 202 9247, +230 5713 5924
\nEmail: ali.mamode@bankone.mu<\/a><\/p>\n

Virginie Couronne, Communications Specialist
\nTel: +230 202 9512, +230 5258 2926
\nEmail: virginie.appapoulay@bankone.mu<\/a><\/p>\n

About Bank One:<\/strong>
\nBank One is a joint venture between CIEL Finance Limited in Mauritius and Kenya-based I&M Group PLC. Over the last decade, it has built a client base of over 50,000, a dedicated team of over 425 experienced collaborators and an asset base exceeding MUR 45 billion. Bank One provides a wide range of banking products and services to its clients through a geographic footprint spread across the island of Mauritius, comprising of 7 branches and a well-distributed ATM network. It also plays an active role in supporting businesses in sub-Saharan Africa. Bank One has deep development finance institution relationships and long-term funding lines in place with the German Investment Corporation (DEG), the International Finance Corporation (IFC) and the French Development Agency (Proparco). Bank One has been rated 'BB-' with a Stable Outlook by Fitch Ratings.<\/p>\n<\/p>\n

Media files<\/b>
\"Bank<\/a>
Download logo<\/a><\/div>\n

Source: Africa Newsroom – APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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. […]<\/p>\n","protected":false},"author":1,"featured_media":230708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-230707","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"tag-apo","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/07\/fitch-rates-bank-one-bb-with-a-stable-outlook.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/230707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=230707"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/230707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/230708"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=230707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=230707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=230707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}