Moody's holds first credit risk conference in Nigeria

11 Nov 2015
Chibuike Oguh

Summary

The conference will focus on how Nigeria’s sovereign credit is affected by lower oil prices.

Phillips Oduoza, Group Managing Director/CEO, UBA Group

Moody’s, a leading provider of credit ratings and risk analysis, will be holding its first credit risk conference in Lagos, Nigeria.

The conference will focus on how Nigeria’s sovereign credit is affected by lower oil prices, the volatility of the naira and the weakening macroeconomic environment.

"We are excited to be hosting our first credit risk conference in Nigeria at an important time in the development of Africa's biggest economy," said David Aldrich, Moody's Associate Managing Director, Emerging Markets. "This event underlines Moody's commitment to meeting the growing demands of market participants in Nigeria and across Africa and supporting the development of the continent's capital markets."

The half-day conference, which will hold on November 18, will feature presentations and a panel of discussion from Moody’s Africa analysts.

Moody's Lagos conference follows several Africa-focused credit risk events held earlier this year in Johannesburg, London and Nairobi.

Moody’s is one of the big three ratings agencies, which includes Fitch and Standard & Poor’s. Moody’s rating for Nigeria is Ba3.

Chibuike Oguh is Financial Nigeria's Frontier Markets Analyst


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