Moody’s assigns Ba3 ratings to Nigeria’s Bank of Industry

by | January 27, 2016 12:17 am

Moody’s Investors Service has assigned first-time ratings to Nigeria’s Bank of Industry, a development finance institution: Ba3/Not Prime Local and Foreign Currency Issuer Ratings. These ratings are underpinned by a b2 standalone credit profile and two notches of uplift due to our government support assumptions. The outlook on all the ratings is stable. Bank of…

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