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Nairaland Forum / Nairaland / General / Business / Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 (13839 Views)
Bad News For Nigeria As Moody’s Downgrades First Bank, Access Bank, GTB, Others / IMF Downgrades Nigeria’s Growth Forecast For 2017, Says Recession Over Next Year / Fitch Downgrades Credit Ratings Of First Bank, UBA- The Vanguard (2) (3) (4)
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by Ogbuefi2020: 11:29pm On May 01, 2016 |
allexy2:They created the country. You can't withstand their influence in an entity they created for economic exploitation. |
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by banmee(m): 1:09am On May 02, 2016 |
yinchar: Keep dreaming. The biggest difference between the western world and Nigeria is the western world at least tries to tell themselves the truth while Nigerians love to live in lala land. Your belief is part of what is holding the country down. Nigerians need to learn to face the truth about the country. The truth is the country is crap and the sooner they admit it and start to change for the better, the better they are for it. Nigeria has been digging itself into a hole for half a century and you expect to climb out of that hole in seven months? Ok. Keep believing. 1 Like |
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by ClintonDal(m): 4:56am On May 02, 2016 |
yinchar:Please explain to us how this Moody story is linked to our budget. I can't seem to understand anything up there and it sure seems you do. Thank you |
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by miqos02(m): 7:11am On May 02, 2016 |
yeah |
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by nellyelitz(m): 7:41am On May 02, 2016 |
B for Buhari |
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by MrGerald(m): 8:34am On May 02, 2016 |
ritababe:it means b1 b2 b3 are lesser than ba1 ba2 and ba3 |
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by GoodMuyis(m): 8:53am On May 02, 2016 |
Kezifils: It means Buhari has grade "B1" in Investment instead of Economics |
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by ritababe(f): 8:55am On May 02, 2016 |
MrGerald: okay tnx |
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by Nobody: 10:12am On May 02, 2016 |
spartanobad: it means there is a greater risk that Nigeria will not be able to pay it's loans than previously. This does not mean we can't pay our loans just that the outlook is not as good as it was before. it operates on a scale where AAA is the best and D is the worst. In lay man's terms AAA will always pay, d will almost certainly default. What this means is we are slipping down the scale. and the lower you move down the scale, the higher the interest rates financial institutions will charge you to borrow from them because your risk of default rises. The best interest rates go to the guys withh AAA and the worst to the guys with D assuming you can find someone who will lend to you if you have a D rating. |
Re: Moody’s Downgrades Nigeria's Issuer Ratings From Ba3 To B1 by Khris3(m): 12:25am On May 03, 2016 |
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