By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s oil marketing company, Oando Plc on Friday declared a loss of N49.7 billion in its audited report for the period ended December 31, 2015 compared to a loss of N145. 6 billion recorded a year ago. Similarly, the oil marketing firm reported a loss before tax […]
Updates
Fitch Downgrades the United Kingdom to ‘AA’; Outlook Negative
June 27, 2016/Fitch Ratings Fitch Ratings has downgraded the United Kingdom’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) to ‘AA’ from ‘AA+’. The Outlooks are Negative. The issue ratings on the UK’s senior unsecured Foreign and Local Currency bonds have also been downgraded to ‘AA’ from ‘AA+’. The […]
Fitch Downgrades Nigeria’s Lagos State to ‘B+’; Outlook Stable
(Fitch Rating Agency made this Statement on Thursday June 30, 2016) Fitch Ratings has downgraded Lagos State’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ with a Stable Outlook. A full list of rating actions is at the end of this commentary. Under EU credit rating agency […]
