Fitch Rating agency Archives - Voice of Liberty NG

Fitch reaffirms Nigeria’s ‘B’ rating amid ‘high but declining’ inflation

October 12, 2025October 12, 2025 Aminu Imam

The Global ratings agency, Fitch Ratings, has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’, with a stable outlook, describing it as both ‘high and declining’. The country’s new economic status was reviewed in a report published on Friday. According to the report, “Nigeria’s ‘B’ rating is supported by its large economy, a relatively developed and liquid domestic debt market, large oil and gas reserves, and an improved monetary and exchange rate policy framework”. It, however, added that the rating is constrained by weak governance indicators, high hydrocarbon…

Fitch places Union Bank on� ‘Rating Watch Negative’ after CBN intervention

January 17, 2024January 17, 2024 Aminu Imam

Fitch Ratings has placed Union Bank of Nigeria Plc (UBN)�s Issuer Default Ratings (IDRs), Viability Rating (VR) and National Ratings on Rating Watch Negative, (RWN). The rating follows the Central Bank of Nigeria�s (CBN) announcement on 10 January, that it had dissolved the Board and management of three Nigerian banks, including the CBN, as a result of regulatory non-compliance, corporate governance failure, disregarding the conditions under which banking licenses were granted and involvement in activities that pose a threat to financial stability, among other infractions. The CBN has since appointed…

Economic Overhaul: Int�l Rating Agencies�Fitch,�Moody, others’ upgrades in sight for�Nigeria

July 1, 2023July 1, 2023 Aminu Imam

The early moves by President Bola Tinubu to put the country on a more orthodox economic trajectory could earn Nigeria upgrades from�International rating agenciessuch as Fitch,�Moody, Standard and Poor�s (S&P)’s findings have revealed. According to analysts, Tinubu�s early weeks suggested a change of direction for Nigeria�s battered economy, which got its lowest credit rating since 2006, courtesy of Moody�s Investors Service, last January. Analysts at Bank of America reportedly said, �We do think Moody�s could reverse course, more likely in 12 than six months, so early next year Nigeria could…

Fitch Ratings rule out debt restructuring for Nigeria

November 18, 2022November 18, 2022 Aminu Imam

Following the downgrade of the country�s ratings to �B-� from �B� last weekend, international rating agency, Fitch Ratings has said although it considered a further negative rating for Nigeria, it does not expect that the country will restructure its debt in the medium to near term. This was stated by the Fitch Director, Sovereign Ratings, Jermaine Leonard yesterday, in Lagos. According to him, the rating agency is not concerned that there will be a debt restructuring announcement over the next six months or even next year. Investors had become jittery…

2023: “Why Tinubu may win” – Fitch Ratings� – Fitch Ratings

October 30, 2022October 30, 2022 Aminu Imam

The international ratings firm, Fitch Solutions Country Risk and Industry Research, says the candidate of the All Progressives Congress (APC), Bola Tinubu, is most likely to win the forthcoming 2023 presidential election. In a report, the firm, a subsidiary of Fitch Ratings, an international credit rating organisation, however, said Tinubu�s victory would spur social instability and protests because of his party�s Muslim-Muslim ticket. �We maintain our view that the ruling party�s Bola Ahmed Tinubu is the candidate most likely to win the presidential election as a split opposition vote will…