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Fitch Ratings upgrades Nigeria's credit rating from 'B-' to 'B' due to policy reforms.
Fitch Ratings has upgraded Nigeria's long-term foreign-currency issuer default rating from 'B-' to 'B', citing improved policy reforms initiated since June 2023.
These reforms include measures like exchange rate liberalization, monetary policy tightening, and steps to end deficit monetization and fuel subsidies.
Fitch assigned a stable outlook, expecting these policies to support lower inflation and reduce external economic risks.
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Fitch Ratings mejora la calificación crediticia de Nigeria de 'B-' a 'B' debido a reformas políticas.