Fitch lowers IHS Netherlands

Fitch Ratings said it downgraded IHS Netherlands Holdco BV’s long-term issuer default rating and senior unsecured rating to B from B+.

The rating action follows the April 6 downgrade of Nigeria’s long-term foreign-currency IDR to B from B+.

“While the macroeconomic environment has deteriorated, Fitch’s assessment of IHS Netherlands’ market position and operating profile is unchanged,” Fitch said in a press release.

The outlook is negative.

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