3 days ago
Nigeria Upgraded to B3 by Moody's on Fiscal, Forex Gains
Nigeria 's sovereign credit was raised by Moody's Ratings, citing the removal of oil subsidies, a more flexible exchange rate and improvements in its fiscal status.
The credit assessor upgraded Africa's largest oil producer's foreign currency debt to B3, six notches below investment grade, from Caa1. The outlook was changed to stable.
