Tag Archives: Moody’s

Nigerian, S/African Banks To Face Challenges–Moody`s

***Rating Agency Changes 2020 Outlook For African Banks to Negative  Bayo Akinloye The 2020 outlook for African banks has changed to negative from stable, reflecting their weakening operating environment, Moody’s Investors Service said in a report published today. According to the topmost rating agency, the outlook for African banks in 2020 is negative due to weakening operating conditions and rising …

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Nigeria Will Face Slow Economic Growth in 2019, Says Topmost Rating Agency Moody’s

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Bayo Akinloye Topmost global rating agency, Moody’s has Nigeria will experience slow growth in the economy with an estimated percentage increase of 2.3 percent in 2019 from estimated 1.9 percent in 2018. In its latest report made available to NationalWire on Monday, Moody’s added that the country, aswell as other Sub-Saharan African sovereigns’ negative outlook for 2019 reflects credit challenges …

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Nigeria Still Exposed to Economic Shocks, Moody’s Warns

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One of the leading global rating agencies, Moody’s Investors Service, has said Nigeria’s credit profile, at ‘B2 stable’ is constrained by the country’s continued exposure to shocks because of government’s inability to expand non-oil revenue base sufficiently. The New York-based agency stated this in its annual credit analysis on Nigeria titled, ‘Government of Nigeria: B2 stable, Annual Credit Analysis,’ released …

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Loan Risks Remain In Nigerian Banks—Moody’s

–Says Skye Bank Takeover Good For Sector Tayo Olanipekun Nigerian banks’ earnings will come under pressure and capital metrics will decline marginally over the next 12 to 18 months, Moody’s has said. It noted in its latest Nigeria Banking System Outlook that the sector’s asset quality will remain weak with deterioration in loan performance that is marginal as operating conditions …

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