Nigeria - Credit Rating

Standard & Poor's credit rating for Nigeria stands at B with stable outlook. Moody's credit rating for Nigeria was last set at B3 with positive outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Nigeria thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Nigeria as reported by major credit rating agencies.

Agency	Rating	Outlook	Date
S&P	B	Stable	May 15 2026
S&P	B-	Positive	Nov 14 2025
S&P	B-	Stable	Aug 04 2023
S&P	B-	Negative	Feb 03 2023
S&P	B-	Stable	Mar 26 2020
S&P	B	Negative	Feb 28 2020
S&P	B	Stable	Sep 16 2016
S&P	B+	Negative	Mar 18 2016
S&P	B+	Stable	Mar 20 2015
S&P	BB-	Negative Watch	Feb 10 2015
S&P	BB-	Negative	Mar 27 2014
S&P	BB-	Negative Watch	Mar 21 2014
S&P	BB-	Stable	Nov 07 2012
S&P	B+	Positive	Dec 29 2011
S&P	B+	Stable	Aug 21 2009
S&P	BB-	Negative	Mar 27 2009
S&P	BB-	Stable	Feb 06 2006