Moody's Ratings Upgrades Nigeria's Ratings To B3; Changes Outlook To Stable
ReutersMay 30, 2025 8:45 PM
May 30 (Reuters) - Moody's Ratings:
MOODY'S RATINGS UPGRADES NIGERIA'S RATINGS TO B3 AND CHANGES THE OUTLOOK TO STABLE
MOODY'S: RATINGS UPGRADE REFLECTS SIGNIFICANT IMPROVEMENTS IN NIGERIA'S EXTERNAL AND FISCAL POSITIONS
MOODY'S- STABLE OUTLOOK MEANS WE EXPECT NIGERIA'S RECENT PROGRESS ON EXTERNAL, FISCAL FRONTS TO CONTINUE, THOUGH AT A SLOWER PACE IF OIL PRICES FALL
MOODY'S- OVER NEXT FEW YEARS, WE EXPECT DEBT TO LEVEL OFF AT 50% OF GDP, WITH INTEREST PAYMENTS TAKING UP ABOUT 35% OF NIGERIA GOVERNMENT REVENUE
MOODY'S - NIGERIA'S LOCAL CURRENCY , FOREIGN CURRENCY COUNTRY CEILINGS WERE RAISED TO BA3 AND B2, RESPECTIVELY, FROM PREVIOUSLY B2 AND CAA1
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