Fitch Ratings – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sun, 05 Nov 2023 18:27:27 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Fitch Ratings – InfoStride News https://www.theinfostride.com 32 32 Fitch expresses worry about $10 billion forex loan, but maintains Nigeria’s stable credit rating https://www.theinfostride.com/fitch-expresses-worry-about-10-billion-forex-loan-but-maintains-nigerias-stable-credit-rating/ https://www.theinfostride.com/fitch-expresses-worry-about-10-billion-forex-loan-but-maintains-nigerias-stable-credit-rating/#respond Sun, 05 Nov 2023 18:27:27 +0000 https://www.theinfostride.com/?p=359531 Fitch Ratings has maintained Nigeria’s long-term foreign currency credit default outlook at B-, attributing the stable outlook to recent policies enacted by President Tinubu. However, concerns have arisen regarding the proposed $10 billion forex loan aimed at addressing forex backlogs and enhancing liquidity within the system, as outlined in the latest rating outlook commentary on [...]

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