Fitch Affirms Nigerian State of Rivers at 'BB-'; Outlook Stable

 

Fitch Ratings has affirmed the Nigerian State of Rivers' Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' and its National Long-term rating at 'AA-(nga)'.

The Outlooks are Stable. A draft rating action commentary (RAC) was submitted by Fitch to the State of Rivers on 11 March 2015, in line with the scheduled calendar.

As the issuer raised an appeal in relation to the draft RAC, the applicable committee review of which has now been held by Fitch, final publication of the RAC has been delayed until the above date.

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