United States & S&P Global Ratings

United States: The United States business, driven by the acquisition of G6 Hospitality, has emerged as a major growth driver for Prism Hotels and Resorts, contributing over 52% of its global GBV.

S&P Global Ratings: S&P Global Ratings revised Prism Hotels and Resorts' outlook to 'Positive' from 'Stable', affirming its 'B' issuer credit rating due to improving profitability and the expected IPO impact.

United States: The United States' involvement in a ceasefire agreement with Iran has contributed to easing Middle East tensions and declining global crude oil prices, indirectly influencing fuel prices in Nigeria.

S&P Global Ratings: S&P Global Ratings upgraded Nigeria's sovereign credit rating, citing factors like improved economic performance and increased domestic refining capacity, which the Dangote Petroleum Refinery highlighted as a result of its operations.

S&P Global Ratings: S&P Global Ratings, along with other global rating agencies, has consistently affirmed and applauded Nigeria's economic direction and renewed investor confidence.