Nigeria Credit Ratings & Outlooks
Paese | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
B3 Stable | B- Positive | B- Stable | NR | NR |
Storico del rating sul credito
Paese | Date of Change | Agenzie di rating | Rating precedente | Outlook precedente | Rating attuale | Current Outlook |
|---|---|---|---|---|---|---|
| nov 14, 2025 | S&P | B- | Stable | B- | Positive | |
| mag 30, 2025 | Moody's | Caa1 | Stable | B3 | Stable | |
| ago 04, 2023 | S&P | B- | Negative | B- | Stable | |
| feb 03, 2023 | S&P | B- | Stable | B- | Negative | |
| gen 27, 2023 | Moody's | B2 | Stable | Caa1 | Stable | |
| nov 11, 2022 | Fitch | B | Stable | B- | Stable | |
| nov 29, 2021 | Moody's | B2 | Negative | B2 | Stable | |
| set 30, 2020 | Fitch | B | Negative | B | Stable | |
| apr 06, 2020 | Fitch | B+ | Negative | B | Negative | |
| mar 26, 2020 | S&P | B | Negative | B- | Stable | |
| feb 28, 2020 | S&P | B | Stable | B | Negative | |
| dic 19, 2019 | Fitch | B+ | Stable | B+ | Negative | |
| dic 04, 2019 | Moody's | B2 | Stable | B2 | Negative | |
| nov 02, 2018 | Fitch | B+ | Negative | B+ | Stable | |
| nov 07, 2017 | Moody's | B1 | Stable | B2 | Stable | |
| gen 25, 2017 | Fitch | B+ | Stable | B+ | Negative | |
| set 16, 2016 | S&P | B+ | Negative | B | Stable | |
| giu 23, 2016 | Fitch | BB- | Negative | B+ | Stable | |
| apr 29, 2016 | Moody's | Ba3 | Negative Watch | B1 | Stable | |
| mar 18, 2016 | S&P | B+ | Stable | B+ | Negative |
Legenda della tabella
| Voto | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Ottimo | Aaa | AAA | AAA | AAA | AAA |
Voto elevato | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Voto medio alto | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Voto medio-basso | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Speculativo non adatto come investimento | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In default con scarse prospettive di ripresa | CD | RD | RD | ||
In default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Non classificato. | NR | NR | NR | NR | NR |
FAQ
What is Nigeria’s current credit rating?
Nigeria’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Nigeria’s credit risk.
Has Nigeria’s credit rating changed recently?
This page lists the latest rating and outlook actions for Nigeria, showing when each agency last reviewed or changed its assessment.
Why does Nigeria’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Nigeria's bond yields, currency, and equity flows as investors reassess risk.
How does Nigeria’s rating compare to other countries?
You can explore how Nigeria ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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