ABUJA, Feb 3 (Reuters) - Ratings agency S&P on Friday
affirmed Nigeria's credit rating at "B-/B" but turned negative
on its outlook, citing increasing risks to the country's debt
servicing capacity over the next one-to-two years.
Nigeria, a major oil exporter, has faced production
shortages in recent years due to crude theft, though output has
begun to recover. It has also suffered chronic dollar shortages
and high debt service which has eaten into government revenues.
(Reporting by Chijioke Ohuocha, and Pushkala Aripaka in
Bengaluru; Editing by Shailesh Kuber)
Reuters Messaging: chijioke.ohuocha.thomsonreuters@reuters.net))
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