Fitch Affirms Nigeria at 'BB-'; Outlook Negative
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Fitch Ratings has affirmed Nigeria's Long-term foreign and local currency Issuer Default Rating (IDRs) at 'BB-' and 'BB' respectively. The Outlooks on the Long-term IDRs are Negative. The issue ratings on Nigeria's senior unsecured foreign-currency bonds are also affirmed at 'BB-'. The Country Ceiling is affirmed at 'BB-' and the Short-term foreign-currency IDR at 'B'.