Moody’s Elevates Nigeria’s Rating to B3 in Acknowledgement of Improved Fiscal Conditions
The global credit ratings agency Moody’s has elevated Nigeria’s sovereign rating from Caa1 to B3, reflecting on substantial advancements in the nation’s external and fiscal conditions. This upgrade denotes increasing confidence in Nigeria’s economic stability and future prospects. Principal Drivers of the Upgrade: – Enhanced Balance of Payments: The overhaul […]