High Debt Service Drives Downgrade:The downgrade to 'B-' reflects continued deterioration in Nigeria's government debt servicing costs and external liquidity despite high oil prices in 2024. Low oil production and the expensive subsidy on petrol have consumed most of the fiscal benefit of high oil prices … See more Fitch's proprietary SRM assigns Nigeria a score equivalent to a rating of 'B-' on the Long-Term Foreign-Currency (LT FC) IDR scale. Fitch's sovereign rating committee did not adjust the output from the SRM to arrive at the final LT … See more Nigeria has an ESG Relevance Score of '5' for Political Stability and Rights as WBGI have the highest weight in Fitch's SRM and are … See more International scale credit ratings of Sovereigns, Public Finance and Infrastructure issuers have a best-case rating upgrade scenario (defined as the 99th percentile of … See more The principal sources of information used in the analysis are described in the Applicable Criteria. Nigeria does not publish consolidated fiscal data on a general government basis, which complicates our … See more WebNov 14, 2024 · Leading provider of credit ratings, Fitch Ratings has downgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘from ‘B’ due to …

Fitch downgrades Nigeria’s sovereign issuer rating to …

WebNov 21, 2024 · Fitch Ratings - London - 21 Nov 2024: Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) of seven Nigerian banks and two bank holding … WebNov 14, 2024 · Nigeria's debt stock is low compared with the forecast 2024 'B' median of 57.6% of GDP. However, its debt servicing metrics are among the highest for Fitch-rated sovereigns. We forecast government … greenwich ny gun shop

Nigeria Credit Ratings :: Fitch Ratings

WebJul 2, 2024 · Fitch, world’s leading risk rating agency, has hinted that the median of government debt-to-gross Domestic Product, GDP, ratio for Nigeria and 18 other Sub … Web1 day ago · Wed 12 Apr, 2024 - 1:03 PM ET. Fitch Ratings - London - 12 Apr 2024: Fitch Ratings has affirmed Seplat Energy Plc's Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. The rating remains constrained by the Nigeria's Country Ceiling of 'B-' due to high concentrations of Seplat's assets and export funds flows in the country. WebNov 12, 2024 · Nigeria’s ‘B-‘ rating is six notches above default and now places at the same level with Africa’s closest oil-producing rival Angola and Ecuador. Fitch Ratings lowered … greenwich ny podiatrist