Africa's Largest Oil Producers Cut by Moody's After ReviewBy
Angola, Congo, Nigeria, Gabon ratings cut on oil price slump
Moody's conclusions pending for five of six GCC countries
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.