Tag: Fitch Ratings

Fitch Ratings gives ‘B+’ to Nigeria’s debt notes
Policy

Fitch Ratings gives ‘B+’ to Nigeria’s debt notes

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. KEY RATING DRIVERS […]

Why Fitch downgraded Nestle to AA-
Global

Why Fitch downgraded Nestle to AA-

Fitch Ratings said it has downgraded Nestle SA’s Long-Term Issuer Default Ratings (IDR) and senior unsecured ratings to ‘AA-‘ from ‘AA’, However, Fitch Ratings said it affirmed the company’s Short-Term IDR at ‘F1+’. The Outlook on the Long-Term IDR is Stable. A full list of rating actions is available at […]

Fitch downgrades Reliance Communications to RD
Global

Fitch downgrades Reliance Communications to RD

Indian-based Reliance Communications Limited has been downgraded by Fitch Ratings to ‘RD’ from ‘CCC’. In a statement issued from its Singapore and Hong Kong’s office, Fitch said as a result of recent disclosures by the company it has downgraded Reliance Communications Limited’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) […]