Nigeria Outlook Raised to Positive by Moody’s on Reform Progress
kolaking.substack.com
Ruth Olurounbi and Zijia Song (Bloomberg) -- Nigeria’s credit outlook was raised to positive by Moody’s Investors Service as the nation takes steps to improve its fiscal position and shore up foreign reserves. The African country’s outlook was moved to positive from stable, according to a Friday statement. Moody’s cited actions taken by the government, including devaluation of the naira and removal of the largest part of the oil subsidy.
Nigeria Outlook Raised to Positive by Moody’s on Reform Progress
Nigeria Outlook Raised to Positive by Moody’s…
Nigeria Outlook Raised to Positive by Moody’s on Reform Progress
Ruth Olurounbi and Zijia Song (Bloomberg) -- Nigeria’s credit outlook was raised to positive by Moody’s Investors Service as the nation takes steps to improve its fiscal position and shore up foreign reserves. The African country’s outlook was moved to positive from stable, according to a Friday statement. Moody’s cited actions taken by the government, including devaluation of the naira and removal of the largest part of the oil subsidy.