A new Africa-led credit rating agency is set to begin operations by the end of September 2025, aiming to offer an alternative to the global “big three” agencies, Fitch, Moody’s, and S&P.
Moody's Ratings has projected a significant increase in Nigeria's interest spending, estimating a rise of 1% of the Gross Domestic Product (GDP) in 2024.
Moody’s explained why it might downgrade First Bank’s ratings.
