Standard & Poor's credit rating for Nigeria stands at B- with stable outlook. Moody's credit rating for Nigeria was last set at B2 with stable outlook. Fitch's credit rating for Nigeria was last reported at B with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Nigeria thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Nigeria as reported by major credit rating agencies.


AgencyRatingOutlookDate
Moody'sB2 Stable Nov 29 2021
FitchB Stable Sep 30 2020
FitchB Negative Apr 06 2020
S&PB- Stable Mar 26 2020
S&PB Negative Feb 28 2020
FitchB+ Negative Dec 19 2019
FitchB+ Negative Dec 19 2019
Moody'sB2 Negative Dec 04 2019
FitchB+ Stable Nov 02 2018
Moody'sB2 Stable Nov 07 2017
FitchB+ Negative Jan 25 2017
S&PB Stable Sep 16 2016
FitchB+ Stable Jun 23 2016
Moody'sB1 Stable Apr 29 2016
S&PB+ Negative Mar 18 2016
Moody'sBa3 Negative Watch Mar 04 2016
FitchBB- Negative Mar 30 2015
S&PB+ Stable Mar 20 2015
S&PBB- Negative Watch Feb 10 2015
S&PBB- Negative Mar 27 2014
S&PBB- Negative Watch Mar 21 2014
Moody'sBa3 Stable Nov 07 2012
S&PBB- Stable Nov 07 2012
S&PB+ Positive Dec 29 2011
FitchBB- Stable Nov 21 2011
FitchBB- Stable Oct 21 2011
FitchBB- Negative Oct 22 2010
S&PB+ Stable Aug 21 2009
S&PBB- Negative Mar 27 2009
S&PBB- Stable Feb 06 2006
FitchBB- Stable Jan 30 2006