Nigeria, Peers Struggle with Surging Borrowing Costs, Says Moody’s
Nigeria, South Africa and Kenya are grappling with sharply higher borrowing costs as policy weaknesses, stubborn inflation and fragile market conditions choke access to affordable credit, global ratings agency Moody’s has warned. In its latest credit outlook, Moody’s noted that debt-servicing pressures have risen steeply across sovereigns, banks and corporates in the three African economies […]