London, 03 May 2016 -- Moody's Investors Service has today concluded its rating review on three Nigerian banks by confirming the standalone baseline credit assessments (BCA) of two banks, downgrading the supported long-term ratings of two banks and confirming the supported long-term ratings of one of the banks. The rating actions follow the downgrade of the Nigerian government's issuer rating to B1, stable, from Ba3, Rating Under Review (see press release www.moodys.com/research/--PR_347437).
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