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MOODY'S RATING
In further explaining the rating decision, Moody appears to have referenced recent comments by Nigeria's minister of finance that the country was considering a restructuring of debts
The outbreak of COVID-19 and the sharp downturn in crude oil prices have continued to stoke fears of a further devaluation in the Naira.
Nigeria does not currently have enough buffers to withstand the shocks of the global recession which the International Monetary Fund (IMF) recently projected will happen post Covid-19.
Moody's Investors Service ("Moody's") has placed on review for downgrade Access Bank Plc's ("Access") B2 long-term local currency deposit...
Global rating agency, Moody's has welcomed the decision by the CBN and the NDIC.