Nigeria dollar bonds drop after S&P turns negative on ratings outlook
JOHANNESBURG, Feb 6 (Reuters) - Nigeria's dollar-denominated bonds fell on Monday after ratings agency S&P late on Friday affirmed the West Africa oil producer's credit rating at "B/B-" but turned negative on its outlook, citing risks to its debt servicing capacity.
Nigeria's international bonds were down around 1 cent in the dollar, according to Tradeweb data. At 8.17 GMT, the 2033 maturity was down 1.092 cents to 71.288 cents.
The bonds had fallen on Friday before the release of S&P's rating review, after Nigeria was downgraded by another ratings agency, Moody's, a week earlier. (Reporting by Rachel Savage, editing by Karin Strohecker)
