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S&P raises Nigeria's outlook to 'positive' as reforms take hold - REUTERS
Nov 14 (Reuters) - S&P Global Ratings revised its outlook on Nigeria to "positive" from "stable" on Friday, backing the country's ongoing economic reforms, and also affirmed the country's rating at "B-/B".
"The monetary, economic, and fiscal reforms being implemented by Nigerian authorities will yield positive benefits over the medium term," S&P said in a statement.
In May, Moody's upgraded Nigeria's rating by one notch to "B3" from "Caa1", citing notable improvements in the country's external and fiscal positions, while Fitch last month kept its "B" rating and "stable" outlook.
