Fitch affirms Lagos State at ‘B+’; Outlook Negative

by | January 20, 2018 3:34 pm



Fitch Ratings has affirmed Lagos State’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘B+’ with Negative Outlook and Short-Term Foreign Currency IDR at ‘B’. The National Long-Term Rating has been affirmed at ‘AA+(nga)’, with a Stable Outlook. Lagos is Nigeria’s financial and business services hub and is home to upwards of 20…

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