Moody’s Upgrades Nigeria’s Sovereign Credit Rating to B3, Citing FX Reform and Fiscal Stability

Global credit ratings agency Moody’s has upgraded Nigeria’s long-term foreign currency rating from Caa1 to B3, citing meaningful improvements in the country’s external and fiscal positions following key macroeconomic reforms introduced under President Tinubu’s administration. The outlook has been adjusted from “positive” to “stable,” signaling renewed global confidence in Nigeria’s economic direction but also a [...]The post Moody’s Upgrades Nigeria’s Sovereign Credit Rating to B3, Citing FX Reform and Fiscal Stability appeared first on Tekedia.

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