Moody’s changes Nigeria’s outlook to positive, affirms B3 rating

Moody’s Ratings has changed Nigeria’s credit outlook from stable to positive while affirming the country’s B3 long-term foreign and local currency issuer ratings. Positive outlook, the agency said, reflected improvements in Nigeria’s external position and stronger-than-expected economic growth, which, if sustained, could improve the country’s ability to absorb external shocks and strengthen its economic resilience. Read More: https://punchng.com/moodys-changes-nigerias-outlook-to-positive-affirms-b3-rating/