US EditionNigeria: Moody's Upgrades Nigeria's Rating On Better External, Fiscal Positions
- Moody's has raised Nigeria's issuer rating from Caa1 to B3 and assigned a stable outlook for 2025, reflecting notable enhancements in the country's fiscal health and external economic conditions.
- The upgrade follows policy measures by President Tinubu's administration, including fiscal reforms, enhanced revenue mobilization, and a more flexible foreign exchange regime.
- These reforms have bolstered external reserves, mitigated inflation risks, and contributed to Nigeria achieving its highest GDP expansion in a decade, supported by enhanced fiscal management and increased private sector investment.
- Finance Minister Wale Edun said, "We are encouraged by Moody's recognition of our reform agenda," reflecting confidence in Nigeria's ongoing economic reforms and macroeconomic stability.
- The upgrade signals growing investor confidence but cautions that sustained progress depends on continued policy discipline amid risks like declining oil prices and persistent inflation.
18 Articles
18 Articles
Moody’s Investors’ rating hails Tinubu’s economic reforms
By Biola Davies Moody’s Investors Service’s in its latest analysis has upgraded Nigeria’s long-term foreign-currency issuer rating from Caa1 to B3, with a Stable Outlook. At this critical time in Nigeria, the upgrade is seeing by analysts and commentators as a significant vote of confidence on the country’s economic direction and ongoing reform agenda. This ...
Good News For Nigeria And Ghana As They Get Rating Upgrades - DataPro Limited
Nigeria and Ghana have earned significant votes of confidence from the international financial community, as major global credit rating agencies upgraded their sovereign credit ratings. For Nigeria, its rating went up a notch to B3 from Caa1 due to significant improvements in the country’s external and fiscal positions, according to one of the international rating agencies. In May 2025, the World Bank said that Nigeria’s economy achieved its fas…
Moody's Ratings Elevates Nigeria's Financial Standing Amid Policy Reforms » News.ng
Moody’s Ratings has upgraded Nigeria’s sovereign credit profile, raising both foreign and local currency issuer ratings from Caa1 to B3 while shifting the outlook from positive to stable. The ratings agency simultaneously improved Nigeria’s foreign currency senior unsecured debt assessment to B3 and elevated the medium-term note program rating to (P)B3, both advancing from their previous Caa1 and (P)Caa1 classifications. The credit enhancement s…
"Signals We Are Back On Path Of Reform & Renewed Credibility" - Tinubu On Moody's Upgrade Of Nigeria's Credit Rating
“Signals We Are Back On Path Of Reform & Renewed Credibility” – Tinubu On Moody’s Upgrade Of Nigeria’s Credit Rating The Federal Government welcomes Moody’s Investors Service’s latest upgrade of Nigeria’s long-term foreign-currency issuer rating from Caa1 to B3, with a Stable Outlook. This is a significant vote of confidence in the country’s economic direction and ongoing reform agenda. This upgrade reflects growing international recognition of …
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
