Web1 day ago · Wed 12 Apr, 2024 - 1:03 PM ET. Fitch Ratings - London - 12 Apr 2024: Fitch Ratings has affirmed Seplat Energy Plc's Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. The rating remains constrained by the Nigeria's Country Ceiling of 'B-' due to high concentrations of Seplat's assets and export funds flows in the country. WebApr 7, 2024 · By Dipo Olowookere Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) has been downgraded to ‘B’ from ‘B+ by Fitch Ratings, with the outlook negative. In a statement issued on Monday, Fitch noted that the lowering of the rating was due to the pressures on the country’s external finances caused by crash in the prices of […]
Fitch Downgrades Nigerian Lagos State to
High Debt Service Drives Downgrade:The downgrade to 'B-' reflects continued deterioration in Nigeria's government debt servicing costs and external liquidity despite high oil prices in 2024. Low oil production and the expensive subsidy on petrol have consumed most of the fiscal benefit of high oil prices … See more Fitch's proprietary SRM assigns Nigeria a score equivalent to a rating of 'B-' on the Long-Term Foreign-Currency (LT FC) IDR scale. Fitch's sovereign rating committee did not adjust the output from the SRM to arrive at the final LT … See more Nigeria has an ESG Relevance Score of '5' for Political Stability and Rights as WBGI have the highest weight in Fitch's SRM and are … See more International scale credit ratings of Sovereigns, Public Finance and Infrastructure issuers have a best-case rating upgrade scenario (defined as the 99th percentile of … See more The principal sources of information used in the analysis are described in the Applicable Criteria. Nigeria does not publish consolidated fiscal data on a general government basis, which complicates our … See more WebNov 14, 2024 · Nigeria's debt stock is low compared with the forecast 2024 'B' median of 57.6% of GDP. However, its debt servicing metrics are among the highest for Fitch-rated sovereigns. We forecast government … inclusive translate
Fitch Downgrades Nigeria to
Web21 hours ago · Thu 13 Apr, 2024 - 12:03 PM ET. Fitch Ratings - Frankfurt am Main - 13 Apr 2024: Fitch Ratings has affirmed Kosmos Energy Ltd.'s Long-Term Issuer Default Rating (IDR) at 'B+' and its senior unsecured notes at 'B+' with a Recovery Rating of 'RR4'. The Outlook on the IDR is Stable. The rating reflects Kosmos's moderate size and scale, with ... WebApr 6, 2024 · Mon 06 Apr, 2024 - 4:19 AM ET. Fitch Ratings - Hong Kong - 06 Apr 2024: Fitch Ratings has downgraded Nigeria's Long-Term Foreign-Currency Issuer Default … WebNov 21, 2024 · Fitch Ratings - London - 21 Nov 2024: Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) of seven Nigerian banks and two bank holding … inclusive tours of ireland and scotland