Moody's Investors Service held a teleconference on Thursday, 9 November 2017 to discuss the recent Nigerian sovereign rating downgrade. This discussion was led by Matt Robinson, Associate Managing Director and Aurelien Mali, Vice President – Senior Credit Officer, Sovereign Risk Group.
The following topics were discussed:
» The government’s progress in improving Nigeria's revenue-generation capacity since the oil price shock
» How Nigeria’s revenue generation and debt affordability metrics compare to other single-B rated peers
» The outlook for Nigeria’s oil production, GDP growth, external balance and foreign exchange reserves
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