Lagos, 07 December 2020 — Global Credit Rating Co. Limited (“GCR”) has assigned a first-time long term national scale rating of BBB+(NG) to Ogun State Government of Nigeria (“Ogun” or “the State”), with the Outlook accorded as Stable. The long term Issuer rating is valid until October 2021. RATING RATIONALE Ogun has a moderately diversified...
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