(The following statement was released by the rating agency) MILAN/FRANKFURT/LONDON, September 11 (Fitch) Fitch Ratings has withdrawn Nigeria's Kaduna State's Long-term foreign and local currency Issuer Default Ratings (IDRs) of 'B+', , and its National Long-term rating of 'A+(nga)', all with Stable Outlooks. KEY RATING DRIVERS Fitch has withdrawn the ratings as Kaduna State has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for Kaduna State. RATING SENSITIVITIES Not applicable Contact: Primary Analyst Sergio Ciaramella Director +39 02 87 90 87 216 Fitch Italia SpA Via Morigi 6 - Ingresso Via Privata Maria Teresa, 8 20123 Milan Secondary Analyst Gian Luca Poggi Director +39 02 879087 293 Committee Chairperson Guido Bach Senior Director +49 69 768076 111 Media Relations: Peter Fitzpatrick, London, Tel: +44 20 3530 1103, Email: peter.fitzpatrick@fitchratings.com. Additional information is available on www.fitchratings.com Applicable Criteria International Local and Regional Governments Rating Criteria (pub. 18 May 2015) https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=865254 Tax-Supported Rating Criteria (pub. 14 Aug 2012) https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686015 Additional Disclosures www.fitchratings.com/creditdesk/press_releases/content/ridf_frame.
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