Fitch downgrades Lagos to ‘B+’, with stable outlook

Fitch downgrades Lagos to ‘B+’, with stable outlook
02 July 2016, Lagos — Fitch Ratings has downgraded Lagos State’s Long-term foreign currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ with a stable outlook. The downgrade, according to the global rating agency reflected the application of Fitch’s “International Local and Regional Government’s Rating Criteria – Outside the United States.” Therefore, following the recent […] More »
Fitch downgrades Lagos to ‘B+’, with stable outlook Fitch downgrades Lagos to ‘B+’, with stable outlook Reviewed by Crude Oil Facilitators on 16:43 Rating: 5

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