Fitch Upgrades Ratings of Kaduna, Kogi, Lagos, and Oyo States Following Nigeria’s Sovereign Upgrade
Fitch Ratings has upgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of Kaduna, Kogi, Lagos, and Oyo states from ‘B-’ to ‘B’. According to information on the agency’s website, the outlook for all four states remains Stable. The upgrade follows the recent elevation of Nigeria’s sovereign rating to ‘B’ from ‘B-’ on April […]
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