Nigeria, Angola’s ratings down on Moody’s

04 May 2016, Houston — The credit ratings of Nigeria and Angola, Africa’s two biggest oil producers, were among four countries downgraded by Moody’s Investors Service, citing the negative impact depressed oil prices have had on these governments’ balance sheets, liquidity and creditworthiness. Nigeria and Gabon were cut to B1 from Ba3 as “the prospect […] More »