DMO, CBN disagree with Moody’s Sovereign Rating

DMO, CBN disagree with Moody’s Sovereign Rating

The Debt Management Office (DMO) of the Federal ministry of finance and the Central Bank of Nigeria (CBN) have disagreed with decision by Moody’s to downgrade Nigeria from a B1 stable to a B2 stable rating. Moody’s, on Wednesday downgraded Nigeria’s sovereign issuer rating to B2 with a stable outlook. “While we respect the right…

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