The Minister of Finance, Zainab Ahmed, has played down the importance of Moody’s downgrade after the rating agency rated the country’s credit status as a Caa1. Nigeria’s credit rating was B3 before
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Guaranty Trust Bank (GTBank), Access Bank Plc, First Bank of Nigeria (FBN) and six other commercial banks have been downgraded by the international rating agency, Moody’s. Moody’s, which assesses investment risk in
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Zenith Bank Plc, Guaranty Trust Bank Limited (GTBank), First Bank of Nigeria (FBN) Limited and six other Nigerian banks have been listed for a possible downgrade in their credit ratings by Moody’s,
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