Moodys Revises Nigeria Outlook to Positive
Moodys revised Nigerias outlook to positive from stable citing improved foreign exchange reserves and stronger economic growth. The agency affirmed the countrys ratings at B3 amid ongoing fiscal pressures.
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MOODY'S CORP revised Nigeria's outlook to positive from stable on Friday evening, citing improved foreign exchange reserves and stronger economic growth. The ratings agency affirmed the sovereign rating at B3, pointing to ongoing debt affordability challenges. The upgrade follows similar actions by major credit evaluators over recent months.
