Nigeria’s rating at risk as debt, financing gap rise-Fitch

Time to tap investor appetite for debt to the full

The issuance of debt by governments and corporates has taken off since the emergence of the virus in Q1 2020.

A sharp rise in Nigeria’s sovereign debt and a ballooning financing gap could trigger a rating downgrade as policymakers in Africa’s biggest economy struggle to deal with the fallout from a coronavirus-induced oil price crash, a director at Fitch said. The global ratings agency downgraded Nig

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