Current Nigeria credit ratings, according to main rating agencies.
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Rating Agency | Rating | Outlook | Last Update | Action |
---|---|---|---|---|
Standard & Poor's | B- | - | 27 Mar 2020 | rating downgrade |
Moody's Investors Service | B2 | negative | 5 Dec 2019 | outlook downgrade |
Fitch Ratings | B | - | 1 Oct 2020 | outlook upgrade |
DBRS | - | - |
Nigeria Credit Ratings: Long-term Rating Scales Comparison
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Description | S&P | Moody's | Fitch | DBRS | Grade |
---|---|---|---|---|---|
Prime | AAA | Aaa | AAA | AAA | Investment |
High Medium Grade | AA+ | Aa1 | AA+ | AA(high) | |
AA | Aa2 | AA | AA | ||
AA- | Aa3 | AA- | AA(low) | ||
Upper Medium Grade | A+ | A1 | A+ | A(high) | |
A | A2 | A | A | ||
A- | A3 | A- | A(low) | ||
Lower Medium Grade | BBB+ | Baa1 | BBB+ | BBB(high) | |
BBB | Baa2 | BBB | BBB | ||
BBB- | Baa3 | BBB- | BBB(low) | ||
Speculative | BB+ | Ba1 | BB+ | BB(high) | Speculative |
BB | Ba2 | BB | BB | ||
BB- | Ba3 | BB- | BB(low) | ||
Highly Speculative | B+ | B1 | B+ | B(high) | |
B | B2 | B | B | ||
B- | B3 | B- | B(low) | ||
Substantial Risk | CCC+ | Caa1 | CCC+ | CCC(high) | |
CCC | Caa2 | CCC | CCC | ||
CCC- | Caa3 | CCC- | CCC(low) | ||
Extremely Speculative | CC | Ca | CC | CC | |
C | Ca | C | C | ||
In Default | RD | C | RD | RD | |
SD | / | SD | SD | ||
D | / | D | D |
Nigeria Credit Ratings historical data
Timetable of Nigeria credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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Date | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|
1 Oct 2020 | B | |||
6 Apr 2020 | B | |||
27 Mar 2020 | B- | |||
29 Feb 2020 | B | |||
19 Dec 2019 | B+ | |||
5 Dec 2019 | B2 | |||
5 Nov 2018 | B+ | |||
7 Nov 2017 | B2 | |||
25 Jan 2017 | B+ | |||
16 Sep 2016 | B | |||
23 Jun 2016 | B+ | |||
29 Apr 2016 | B1 | |||
18 Mar 2016 | B+ | |||
4 Mar 2016 | Ba3 | |||
30 Mar 2015 | BB- | |||
20 Mar 2015 | B+ | |||
21 Mar 2014 | BB- | |||
7 Nov 2012 | BB- | Ba3 | ||
29 Dec 2011 | B+ | |||
21 Oct 2011 | BB- | |||
22 Oct 2010 | BB- | |||
21 Aug 2009 | B+ | |||
27 Mar 2009 | BB- | |||
6 Feb 2006 | BB- | |||
30 Jan 2006 | BB- |