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Fitch Upgrades Lagos Ratings To AAA - Politics - Nairaland

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Fitch Upgrades Lagos Ratings To AAA by afroniger: 12:28pm On Sep 14

Fitch Ratings, an Internationally renowned rating agency, has upgraded Lagos State ratings from AA+ (nga) to AAA(nga) for its good standing in terms of its debt sustainability and resilience.

A statement on Monday titled ‘Fitch upgrades Lagos ratings to AAA, attests to its good standing and resilience’, said while communicating the development to the Commissioner for Finance, Dr Rabiu Olowo, Fitch Ratings said the feat was published in the Y2020/2021 rating report.

It stated that the upgrade of the national long-term rating reflected Lagos State’s strength compared with national peers as well as its resilient operating performance during the pandemic.

The congratulatory message signed by the Senior Director, Head Sub-Saharan Africa, Mr Andrew Parkinson, said, “I just wanted to say congratulations on the upgrade to AAA (nga).

“This is a fantastic achievement and an endorsement of all the good work going on in your department."
https://punchng.com/fitch-upgrades-lagos-ratings-to-aaa/?amp

7 Likes 1 Share

Re: Fitch Upgrades Lagos Ratings To AAA by Terrence99: 12:46pm On Sep 14
Beautiful. Congratulations to the 5th largest economy in Africa.

Lagos is open for business, don't put your business in places that are bad for business.

If you have a business in the North where bandits, Boko Haram, kidnappers and herdsmen are killing people, transfer your HQ to Lagos.
Dangote is from Kano but the HQ of his business is in Lagos.

If you are unfortunate enough to have a business in the East where those unserious people called Ipob are violently shutting down businesses everyday, transfer your business to Lagos. 90% of Igbo Billionaires either have businesses in Lagos have business ties to Lagos.

Lagos is open for business, don't use sentiments and put your business in places that are not conducive for business.

55 Likes 6 Shares

Re: Fitch Upgrades Lagos Ratings To AAA by kashboy222(m): 12:46pm On Sep 14
.
Re: Fitch Upgrades Lagos Ratings To AAA by tempex88(m): 12:46pm On Sep 14
good
Re: Fitch Upgrades Lagos Ratings To AAA by ZUBY77(m): 12:46pm On Sep 14
Fitch should locate their office to Amuwo Odofin and see if they will come outside after it rains for an hour

14 Likes 2 Shares

Re: Fitch Upgrades Lagos Ratings To AAA by gmo10(m): 12:47pm On Sep 14
Lagos... always ahead

6 Likes 1 Share

Re: Fitch Upgrades Lagos Ratings To AAA by wwwihy: 12:47pm On Sep 14
God Bless Lagos State
God Bless Yorubaland
God Bless Federal Republic of Nigeria




God Bless Bola Ahmed Tinubu ....the nightmare of miscreants

26 Likes 4 Shares

Re: Fitch Upgrades Lagos Ratings To AAA by Guyman02: 12:47pm On Sep 14
It means that companies and international businesses will rather invest in Lagos than Nigeria. It also means that Lagos is financially healthier than Nigeria as an economy.
By the time Lagos starts collecting VAT, the rating could be at par with California, New York, Berlin and Singapore etc.

Meanwhile Buhari and Lawal are busy writing to each to keep borrowing every week and reducing our rating instead of thinking out of the box.

20 Likes 2 Shares

Re: Fitch Upgrades Lagos Ratings To AAA by Terrence99: 12:47pm On Sep 14
VAT beggars won't like this.

18 Likes

Re: Fitch Upgrades Lagos Ratings To AAA by Princeadebayo11(m): 12:47pm On Sep 14
That's great. Our own Lagos, make one region continue to sit at home

11 Likes

Re: Fitch Upgrades Lagos Ratings To AAA by Commentor: 12:47pm On Sep 14
Tinubu sef.

That means Abia must be AAA++++.

7 Likes 2 Shares

Re: Fitch Upgrades Lagos Ratings To AAA by Terrence99: 12:47pm On Sep 14
Hope those fools sitting at home on the first business day of the week are seeing this.

12 Likes 1 Share

Re: Fitch Upgrades Lagos Ratings To AAA by lekzy007(m): 12:47pm On Sep 14
CONGRATULATIONS.
Re: Fitch Upgrades Lagos Ratings To AAA by BruncleZuma: 12:48pm On Sep 14
grin grin grin grin

VAT is a done deal in Lagos, make them for add + to their rating...

5 Likes

Re: Fitch Upgrades Lagos Ratings To AAA by GetYourPaypal: 12:48pm On Sep 14
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Re: Fitch Upgrades Lagos Ratings To AAA by kenbee(m): 12:48pm On Sep 14
Good
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Re: Fitch Upgrades Lagos Ratings To AAA by McOluOmo: 12:48pm On Sep 14
It is OK when things are OK









Guys wey no get girlfriend get peace of mind

Re: Fitch Upgrades Lagos Ratings To AAA by Terrence99: 12:49pm On Sep 14
Itesiwaju ìpínlè Ẹ̀kọ́ lọ jẹ wá lógún.

5 Likes 1 Share

Re: Fitch Upgrades Lagos Ratings To AAA by Eriokanmi: 12:50pm On Sep 14
That's how we roll, if we can win the war on VAT Lagos would witness more development cos all our money being shared in the north would be used to develop the state the more.

Ultimately, if we can get rid of bad leadership and our money wouldn't be used in buying private jets again, we'd be more developed.

5 Likes 2 Shares

Re: Fitch Upgrades Lagos Ratings To AAA by tnerro1(m): 12:50pm On Sep 14
Lagos should be a country on its own, not attached to some parasites trying to reap where they did not sow

6 Likes 1 Share

Re: Fitch Upgrades Lagos Ratings To AAA by Commentor: 12:50pm On Sep 14
ZUBY77:
Fitch should locate their office to Amuwo Odofin and see if they will come outside after it rains for an hour

Better still Ariaria Market.

Or is it Makate?

6 Likes

Re: Fitch Upgrades Lagos Ratings To AAA by MadamExcellency: 12:50pm On Sep 14
It means Independent State of Lagos not Osun can borrow at the lowest rate available in inernational market granteed by Fitch rating

4 Likes

Re: Fitch Upgrades Lagos Ratings To AAA by Terrence99: 12:50pm On Sep 14
ZUBY77:
Fitch should locate their office to Amuwo Odofin and see if they will come outside after it rains for an hour

You are in Lagos but you are one of those fighting for Biafra. grin
Go back and join your parents drinking kerosene.
It seems your stay in Lagos has made you forget the taste of kerosene.

7 Likes

Re: Fitch Upgrades Lagos Ratings To AAA by Eriokanmi: 12:51pm On Sep 14
ZUBY77:
Fitch should locate their office to Amuwo Odofin and see if they will come outside after it rains for an hour
Have you seen CNN recently? You've have seen how the entire state in America was flooded? Luisiana and Texas are feeling the heat now. That's a developed country, not lagos. Tell me another crap

11 Likes 1 Share

Re: Fitch Upgrades Lagos Ratings To AAA by mofedamijo(m): 12:51pm On Sep 14
ZUBY77:
Fitch should locate their office to Amuwo Odofin and see if they will come outside after it rains for an hour

And you think that doesn't happen in Newyork, Paris, London, Johannesburg??

Sometimes, y'all think what you see happening in Lagos is peculiar to Lagos. No nigga, that happens everywhere.

10 Likes 1 Share

Re: Fitch Upgrades Lagos Ratings To AAA by Terrence99: 12:51pm On Sep 14
mofedamijo:

And you think that doesn't happen in Newyork, Paris, London, Johannesburg??

He can't know that. All he knows are the slums of Abia and the cesspit of Onitsha. He's a pained bigot and it is that pain that will kill him.

7 Likes

Re: Fitch Upgrades Lagos Ratings To AAA by Ceskli: 12:52pm On Sep 14
All the best.
Re: Fitch Upgrades Lagos Ratings To AAA by Terrence99: 12:52pm On Sep 14
Eriokanmi:
Have you seen CNN recently? You've have seen how the entire state in America was flooded. Luisiana and Texas is feeling the heat now. That's a developed country

He's a dirty, unintelligent bigot. He's angry that Lagos is making progress while his parents are drinking kerosene.

8 Likes 1 Share

Re: Fitch Upgrades Lagos Ratings To AAA by tolulope1990(m): 12:53pm On Sep 14
Aaaa

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