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Fitch Withdraws Kogi’s Ratings

Bukola Aro-Lambo by Bukola Aro-Lambo
13 hours ago
in Business
Fitch Ratings 20241104 180630 0000
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International rating agency, Fitch Ratings has withdrawn all of Kogi State’s ratings, including its Long-Term Issuer Default Ratings (IDR) of ‘B’ with a Stable Outlook.

According to the rating agency, the rating withdrawal follows Kogi State’s decision to stop participating in the rating process.

“Therefore, Fitch no longer has sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for Kogi State.” The rating agency stated.

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Bukola Aro-Lambo

Bukola Aro-Lambo

Bukola Aro-Lambo is a journalist with Leadership Newspaper with over a decade of experience, specialising in economy and finance reporting. She covers macroeconomic trends, fiscal policy, public finance, banking, and fintech, combining official data with expert insight in a methodical, data-driven approach. Her reporting extends to development finance, infrastructure funding, agri-exports, climate finance, and technology-driven enterprise, offering clear, analytical coverage that supports informed public discourse on Nigeria's evolving economic landscape.

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