Moody’s Upgrades Nigeria’s Outlook To Positive, Cites Tinubu’s Economic Reforms - Investment - Nairaland
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| Moody’s Upgrades Nigeria’s Outlook To Positive, Cites Tinubu’s Economic Reforms by KayB: 11:27pm On Dec 09, 2023 |
A credit rating is a measure of how likely a company or government entity can pay back its debts, based on an independent assessment of its financial health. The agency, in a statement on Friday, affirmed the country’s ‘Caa1’ long-term foreign and local currency issuer ratings. Moody’s said the assessment was based a possible reversal of the deterioration in the country’s fiscal and external position as a result of the authorities’ reform efforts. https://www.thecable.ng/moodys-upgrades-nigerias-outlook-to-positive-cites-tinubus-economic-reforms |
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