Moody’s cuts Niger deeper into junk amid ECOWAS’ sanctions

The government of Niger saw its credit ratings downgraded deeper into junk territory by Moody’s Investors Service amid economic and financial sanctions occasioned by last week’s military coup. The global credit rating agency cut Niger’s long-term foreign and local currency issuer ratings two notches to ‘Caa2’ from ‘B3’ and warned that another downgrade is possible.
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