Economy: Fitch Affirms Nigeria At ''B''; Outlook Stable | BUSINESS
Channel: Plus TV Africa
Date: 2021-03-20

Fitch Ratings has affirmed Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook.

Nigeria's 'B' rating is supported by the large size of the economy, a low general government (GG) debt-to-GDP ratio, small foreign-currency (FX) indebtedness of the sovereign and a comparatively developed financial system with a deep domestic debt market. 
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