Fitch downgrades Nigeria to ‘B+’, with stable outlook

*FX market reporting revised as Naira rises again to N281.67/$1 24 June 2016, Abuja — Fitch Ratings has downgraded Nigeria’s long-term foreign currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-’ as well as the country’s long-term local currency IDR to ‘BB-’ from ‘BB’. But the global rating agency, in a statement yesterday, assigned a […] More »