Economy
Fitch Rates Nigeria’s USD Notes ‘B+’
Fitch Ratings has assigned Nigeria’s USD1.5 billion 6.500% senior unsecured notes due 28 November 2027 and USD1.5 billion 7.625% senior unsecured notes due 28 November 2047 the final rating of ‘B+’. The final rating replaces the expected rating of ‘B+(EXP)’ that Fitch assigned on 15 November 2017.
The expected rating is in line with Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B+’ with a Negative Outlook. The rating is sensitive to any changes in Nigeria’s Long-Term Foreign-Currency IDR. On 31 August 2017, Fitch affirmed Nigeria’s Long-Term Foreign-Currency IDR at ‘B+’ with a Negative Outlook. The Long-Term Local-Currency IDR is also ‘B+’ with a Negative Outlook.
-
Uncategorized2 days ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Finance16 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Stock Market16 hours agoFG to raise N4trn bond to settle electricity debt
-
Economy2 days agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News2 days agoCardoso formally receives Central Bank of the Year Award
-
Oil and Gas2 days agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas2 days agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News16 hours agoUK, Nigeria unveil £15m programme to boost investment