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Standard & Poor’s downgrades Nigeria’s economy to negative watch

Standard & Poor’s downgrades Nigeria’s economy to negative watch Standard & Poor’s has released its latest assessment of Nigeria, retaining the country’s sovereign rating at BB- with a negative watch. The rating was previously BB-with a negative outlook. This means that the agency has adjusted its rating slightly by placing the country on a negative watch owing to the pressure of falling oil prices... 
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Added February 11, 2015
from The Punch News