Overconfident on GDP Growth?

Although January was a month of heightening violence in the Delta states, Fitch became the first of the three major rating agencies to bestow Nigeria with a sovereign rating. The BB- long term (foreign currency) rating puts the country on a par with key emerging markets including Turkey and Brazil; both of which, like Nigeria, have made considerable progress in improving their economic management in the last few years. The rating is only three notches below investment grade, and is above that of Ghana, a country that is often cited as a model of good governance among donor

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