The low-interest rates on the Nigerian government’s Treasury bills continue to pose risks to the profitability of local banks, rating agency Moody’s found. In an email to Ecofin Agency, Peter Mushangwe, a banking sector analyst with the U.S. rating agency, said extremely low yields on Nigerian Treasury bills and lower …
Read More »Moody Affirms AfDB’s AAA Credit Rating
Moody’s Investor Service has affirmed the African Development Bank’s AAA credit rating, with a stable outlook. “The credit profile of African Development Bank (AfDB) is supported by the bank’s robust capital buffers and superior risk management, which mitigate risks,” Moody’s Investor Service said in an annual credit analysis dated 27 …
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