S&P down grades Nigeria credit rating due to poor debt-service capacity

February 8, 2023 David Agba 0

Standard and Poor’s (S&P) has down graded Nigeria’s credit rating as a result of the increasing risk of the country’s poor capacity to service its debts in the next one-to-two years. Standard and Poor  (S&P), on Friday “affirmed Nigeria’s credit rating at ‘’B-/B’’, but turned negative on its outlook. Other rating agencies, Moody’s and Fitch, lowered the country’s rating by Read More