Nigeria Rejects Moody's Downgrade

Ratings agency Moody's has cut Nigeria's long-term foreign currency bond, saying that the country has been slow to address its heavy dependence on oil. The government has rejected the rating, saying it does not reflect the positive trend in the economy.



  • Nigeria:  Govt Disagrees With Moody's Downgrade

    Daily Trust, 9 November 2017

    Ratings agency Moody's has cut Nigeria's long-term foreign-currency bond to B1 from Ba3 and kept its outlook stable, saying Nigerian efforts to broaden non-oil revenue had been… Read more »

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