15/4/2016/AfDB On Thursday, April 14, 2016, the African Development Bank (“AfDB”), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), launched and priced a new USD 1 billion 3-year Global benchmark transaction due 15 May 2019. The new 3-year issue is AfDB’s second USD Global benchmark this year, and follows […]
Tag: Standard & Poors
S & P Says Nigeria will have to Gradually Devalue Naira in 2016
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Rating services firm, Standard & Poor’s said on Thursday Nigeria will have to devalue the naira at some point in 2016 and in gradual adjustments, according to a Reuters report. The report affirmed that investors have seen a devaluation of the naira as long overdue […]
Nigeria Banks at Risk From Corporate Governance Issues, S&P Says
Nigerian bank ratings are threatened by corporate governance issues and rapid loan growth as competition increases credit risk, said Standard & Poor’s. “We see a risk that the momentum behind regulatory improvements may slow after leadership changes at the central bank this year,” Samira Mensah, a Johannesburg-based credit analyst at […]
