rating agency Archives - National Wire

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

December 9, 2019 0

***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 …

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

January 14, 2019 0

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 …