Credit Ratings Summary

Rated Entity

Report Date

National

International

Outlook

Long term

Short term

Long term

Short term

Standard & Poor’s

FBN Holdings

December 2017

ngBB+

ngB

B-

B

Stable

FirstBank

December 2017

ngBB+

ngB

B-

B

Stable

Fitch

FBN Holdings

July 2017

BB+(nga)

B(nga)

B-

B

Negative

FirstBank

July 2017

BB+(nga)

B(nga)

B-

B

Negative

Global Credit Rating (GCR)

FirstBank

September 2017

A-(NG)

A1-(NG)

-

-

Stable