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Fitch Withdraws Kogi’s Ratings

Bukola Aro-Lambo by Bukola Aro-Lambo
2 months 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International rating agency, Fitch Ratings has withdrawn all of Kogi State’s ratings, including its Long-Term Issuer Default Ratings (IDR) of ‘B’ with a Stable Outlook.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.

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“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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