Fitch Ratings, a global credit rating agency, has upgraded its credit rating of Nigeria to B due to recent reforms implemented by President Tinubu’s administration. In making the upgrade, Fitch cites improved policy credibility and reduced near-term risks to macroeconomic stability. What the new rating means for Nigeria: Fitch now has a more positive outlook on the country’s economic stability and creditworthiness. The upgrade will increase the country’s ability to attract foreign investment, borrow money on international markets at better interest rates, and boost investor confidence. “The upgrade reflects increased…
Read MoreBLOOMBERG: FITCH RATINGS UPGRADES NIGERIA ON THE BACK OF TINUBU’S REFORMS
