Skye Bank Default Risk Seen Rising as S&P Cuts Two Notches

Updated on
  • Shares fall to record low to extend losses this year to 50%
  • No plan communicated yet on restoring lender, S&P says

Skye Bank Plc was downgraded two levels by S&P Global Ratings, which cited increased default risk after regulators stepped in to oust the Nigerian lender’s top managers

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