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

by Frank Eleanya

January 20, 2018 | 3:34 pm
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Traffic passes through the road leading to the free trade zone in Victoria Island in Nigeria's commercial capital Lagos March 7, 2013. REUTERS/Akintunde Akinleye (NIGERIA - Tags: TRANSPORT BUSINESS) - RTR3EOV1

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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by Frank Eleanya

January 20, 2018 | 3:34 pm
  |     |     |   Start Conversation

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