Nigeria: Fitch Ratings Punitive - Aganga

25 October 2010

Minister of Finance, Olusegun Aganga, has disagreed with the Fitch Ratings revised outlook of the Nigerian Economy from "stable" to "negative", saying it was punitive.

"We do consider the decision to adjust the outlook downwards unduly punitive and disagree with it given the numerous positive features of the country's economy and ongoing reforms cited by Fitch in its recent press release", he said in a statement in Abuja, yesterday.

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