Moody’s downgrades Nigeria’s sovereign issuer rating to B2 with a stable outlook

Moody’s Investors Service has downgraded Nigeria’s long-term issuer and senior unsecured debt rating to B2 from B1 and the senior unsecured MTN program rating and the provisional senior unsecured debt rating to (P)B2 from (P)B1. The rating outlook remains stable.
The key drivers are as…