Big Business

Fitch Downgrades Nigeria to B+, Outlook Stable
Big Business

Fitch Downgrades Nigeria to B+, Outlook Stable

The much expected sovereign credit worthiness rating downgrade for Nigeria has just begun. Fitch, an American-based credit rating agency has taken the first shot at Nigeria. In a statement released by the agency on its website, Fitch said “Nigerian banks are sufficiently well capitalised to absorb the impact of the 40% […]