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S&P affirms Nigeria's B/B rating with stable outlook

Published by BusinessDay on Sun, 17 Mar 2019


The global ratings firm S&P has affirmed Nigeria's ranking of B/B with a stable outlook but it also warns that this rating could be lowered if Nigeria's foreign exchange reserves were to decline markedly and if the country's external debt rises faster than first estimated. In a detailed report made available to BusinessDay, S&P said []
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