Fitch Affirms Nigeria’s Positive Outlook At B-

Fitch Affirms Nigeria’s Positive Outlook At B- …C0NTINUE READING HERE >>>

Fitch Ratings, a global rating agency, has affirmed long-term foreign-currency issuer default outlook at ‘B-‘ with a positive outlook, listing the country’s progress in implementing reforms that improve policy coherence.

It said that Nigeria’s ‘B-‘ rating is supported by its large economy, relatively developed and liquid domestic debt market, and large oil and gas reserves.

In May the agency revised Nigeria’s long-term credit default rating upward from stable to…

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