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Economy

Nigeria Secures First Credit Rating Upgrade in Over a Decade.

May 15, 2026 at 8:37 PM

S&P Global Ratings has upgraded Nigeria's credit rating for the first time since 2012, moving it to B, driven by increased oil production and exchange rate liberalization.

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Nigeria Secures First Credit Rating Upgrade in Over a Decade
Image Credit : nature.com
Economy

Fitch Ratings Highlights Growing Concerns Over US Debt Levels Compared to Peers.

Fitch Ratings has expressed concerns that the United States is carrying a significantly higher debt burden compared to other nations with an 'AA' credit rating, driven by an expanding fiscal deficit.

April 30, 2026 at 7:31 PM
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Local News

Sri Lanka’s CRIB Unveils AI-Driven Digital Credit Rating System.

The Credit Information Bureau of Sri Lanka (CRIB), in collaboration with the Lanka Rating Agency (LRA), has initiated a soft launch for an innovative AI-powered Digital Dynamic Credit Ratings (DDCR) model to enhance credit assessment precision.

April 27, 2026 at 8:33 PM
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Economy
Fitch Ratings Warns of Significantly Heightened Risks in Global Credit Landscape
Image Source : fitchratings.com

Fitch Ratings Warns of Significantly Heightened Risks in Global Credit Landscape.

April 20, 2026 at 6:12 AM
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Economy•
April 17, 2026 at 9:24 PM

Moody’s Downgrades Belgium’s Credit Rating Over Persistent Budgetary Woes.

Belgium has faced a credit rating downgrade by Moody's, reflecting investor concerns regarding the country's inability to manage its significant budget deficit and rising national debt.

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Local News

Fitch Ratings Lowers NDB National Credit Rating Following Major Fraud Incident.

April 10, 2026 at 11:51 AM

Fitch Ratings has downgraded the National Development Bank (NDB) to 'A-(lka)' citing a major internal fraud incident, weakened capital buffers, and concerns over risk management controls.

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Fitch Ratings Lowers NDB National Credit Rating Following Major Fraud Incident
Image Credit : ft.lk
Business
Fitch Ratings Assigns 'A(lka)' Rating to WindForce’s New LKR 4 Billion Debenture Issuance
Image Source : fitchratings.com

Fitch Ratings Assigns 'A(lka)' Rating to WindForce’s New LKR 4 Billion Debenture Issuance.

April 6, 2026 at 11:46 AM
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