The Bank Without a Rating

Bank Mega has opted out of its relationship with Fitch Ratings, prompting speculation from market players that the bank my have something to hide.

July 16, 2013

A press release issued last month by Fitch Ratings, the global ratings agency, triggered speculation about the performance of Bank Mega. Fitch said it no longer provided ratings or analytical coverage of the bank due to insufficient information, as the bank had chosen to stop participating in the rating process.

Fitch provides ratings at the request of a client. Bank Mega has the right not to use Fitch's services. But according to market players,

...

More Articles