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Nigeria  

Rating Moody's Nigeria
Long Term RatingShort Term Rating
Foreign CurrencyLocal CurrencyForeign CurrencyLocal Currency
DateRating (Outlook)DateRatingDateRatingDateRating
Rating S&P Nigeria
Long Term RatingShort Term Rating
Foreign CurrencyLocal CurrencyForeign CurrencyLocal Currency
DateRating (Outlook)DateRatingDateRatingDateRating
2016-03-18(Negative)2015-03-20B+2006-02-06B2006-02-06B
2015-03-20B+ (Stable)2012-11-07BB-
2014-03-27(Negative)2009-08-21B+
2014-03-21(Negative)
2012-11-07BB- (Stable)
2011-12-29(Positive)
2009-08-21B+ (Stable)
S&P: Long Term Rating
Rating Fitch Nigeria
Long Term RatingShort Term Rating
Foreign CurrencyLocal CurrencyForeign CurrencyLocal Currency
DateRating (Outlook)DateRatingDateRatingDateRating
2016-07-22B+ (Stable)2016-07-22B+2016-07-22B
2016-06-23B+ (Stable)2016-06-23BB-2016-06-23B
2015-09-25BB- (Negative)2015-09-25BB2015-09-25B
2015-03-30BB-2015-03-30BB2015-03-30B
2014-10-03BB- (Stable)2014-10-03BB2014-10-03B
2014-04-11BB- (Stable)2014-04-11BB2014-04-11B
2013-10-16BB- (Stable)2013-10-16BB2013-10-16B
2013-07-11BB- (Stable)2013-07-11BB2013-07-11B
2013-07-05BB- (Stable)2013-07-05BB2013-07-05B
2012-10-19BB- (Stable)2012-10-19BB2012-10-19B
2012-02-23BB- (Stable)2012-02-23BB2012-02-23B
2011-10-21BB- (Stable)2011-10-21BB2011-10-21B
2011-01-21BB- (Negative)2011-01-21BB2011-01-21B
2010-10-22BB- (Negative)2010-10-22BB2010-10-22B
2008-05-23BB- (Stable)2008-05-23BB2008-05-23B
2006-01-30BB- (Stable)2006-01-30BB-2006-01-30B
Fitch: Long Term Rating

GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative
Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery
SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative
P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC