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El-Rufai Stops Fitch From Kaduna Ratings

Editor by Editor
September 13, 2015
in Uncategorized
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  • Fitch Ratings has withdrawn Nigeria’s Kaduna State’s Long-term foreign and local currency Issuer Default Ratings (IDRs) of ‘B+’, , and its National Long-term rating of ‘A+(nga)’, all with Stable Outlooks. KEY RATING DRIVERS Fitch has withdrawn the ratings as Kaduna State has chosen to stop participating in the rating process.
  • Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for Kaduna State.
  • Fitch Rating touts itself as a leading provider of credit ratings, commentary and research.
  • It says it is dedicated to providing value beyond the rating through independent and prospective credit opinions,
  • Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise.
  • The additional context, perspective and insights we provide has helped investors fund a century of growth and make important credit judgments with confidence.
  • The agency operates in about 30 countries.

 

 

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