
Fitch Upgrades Nigeria’s Credit Rating To Stable, Cites Confidence In Tinubu’s Reforms
Fitch Upgrades Nigeria’s Credit Rating To Stable, Cites Confidence In Tinubu’s Reforms Fitch, a global rating agency, has reviewed Nigeria’s long-term foreign-currency issuer default rating (IDR) from negative to stable. IDR is an entity’s relative vulnerability to default (including by way of a distressed debt exchange) on financial obligations. In a statement on Friday, the agency said Nigeria’s outlook was revised to B’, from ‘B-‘. “The upgrade reflects increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end…









