S&P delays Nigerian credit-rating decision, pending an appeal by Nigeria

Reuters

LONDON (Reuters) - Standard & Poor's said on Friday it was postponing publishing a review of Nigeria's credit rating, pending the outcome of an appeal requested by Nigerian authorities.

S&P said that in the meantime it was putting Nigeria on CreditWatch with negative implications.

Standard & Poor's said it was in discussions with Nigerian authorities but did not give further details.

It currently has a BB- rating on Nigeria with a stable outlook.

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