Fitch Revises Nigerian State of Rivers' Outlook to Negative; Affirms at 'BB-'

April 2, 2015 4:05 PM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Rivers State - Rating Action Report here MILAN/PARIS/LONDON, April 02 (Fitch) Fitch Ratings has revised the Outlook on the Nigerian State of Rivers' Long-term foreign currency Issuer Default Rating (IDR) to Negative from Stable.

The agency has also the affirmed Long-term foreign and local currency IDRs at 'BB-' and its National Long-term rating at 'AA-(nga)'. The Outlooks on the local currency IDR and on the National Long-term rating remain Stable. Under EU credit rating agency (CRA) regulation, the publication of local and...

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