Browsing: Fitch Ratings

Fitch Ratings says in a special report today that a high 50% of emerging market (EM) bank ratings are…

Fitch Ratings has revised Nigeria-based Bank of Industry’s (BOI) outlook to stable from negative

Fitch Revises Nigeria’s Outlook to Stable, Affirms at ‘B’…

Fitch Rates Coronation Merchant Bank ‘B-‘; with Negative Outlook. Fitch Ratings has assigned Nigeria-based Coronation Merchant Bank Limited

Nigeria’s Tax System Hinders progress Boosting Non-Oil Revenue. Shortcomings in design of tax system continue to hindering Federal Government of Nigeria’s progress in boosting non-oil revenue, Fitch Ratings hinted.

Debt Distress Rising in Sub-Saharan Africa, says Fitch. Sub-Saharan Africa (SSA) government debt burdens are rising at a faster pace and to a higher level than for other emerging markets (EM), heightening the risk of further downgrades and defaults, Fitch Ratings says.

Fitch Ratings Estimates 31% Debt to GDP for Nigeria. Fitch Ratings has projected 30.7% debt to gross domestic product (GDP) for Nigeria in 2020, the data is contained in a special report on Sub-Saharan Africa.

Outlook on Sub-Saharan Sovereigns is Negative – Fitch Ratings. Fitch Ratings has maintained that the outlook on Sub-Saharan Sovereign remains negative despite the gradual easing of economic lockdown in the region.

Nigeria to record current account deficits near 4% of GDP – Reports. Experts have estimated that Nigeria will record current account deficits

Oil supply cut will hurt Nigeria’s economy – Fitch Ratings. Fitch, an international rating, agency has stated that reduction in Nigeria’s oil supply into the market will affect growth, and impact on the nation’s external finances.