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S&P lowers Nigeria's sovereign credit outlook to negative
March 27, 2014 / 9:31 PM / 3 years ago

S&P lowers Nigeria's sovereign credit outlook to negative

March 27 (Reuters) - Standard & Poor’s revised its outlook on Nigeria’s sovereign credit to negative from creditwatch negative, citing continued infighting within the country’s ruling party which has heightened political and institutional risks.

S&P affirmed its ‘BB-’ long-term sovereign credit rating on Nigeria. (Reporting By Narottam Medhora)

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