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BRIEF-Moody's says top five Nigerian banks face common credit challenges ahead
October 10, 2016 / 7:41 AM / in 10 months

BRIEF-Moody's says top five Nigerian banks face common credit challenges ahead

1 Min Read

Oct 10 (Reuters) - Moody's:

* Moody's - top five Nigerian banks face common credit challenges ahead

* Moody's - banks have all been affected by the weakening domestic operating environment following the prolonged period of lower oil and gas prices

* Moody's - more challenging environment, with Moody's view of high likelihood of support from Nigerian government, largely explains narrow range of issuer ratings of banks Source text: bit.ly/2dIzGbx

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