Dangote Cement bags AA+ and A1+ ratings from Global Credit Ratings

NIGERIA – Africa’s largest cement producer, Dangote Cement Plc, has bagged AA+(NG) and A1+(NG) ratings from Global Credit Ratings (GCR). GCR in its notice, affirmed the long-term and short-term national scale issuer ratings of AA+ (NG) and A1+(NG) respectively, assigned to Dangote Cement Plc, as well as with the outlook accorded as Stable. In addition, the cement firm’s N100 billion (US$262.12m) Series 1 Fixed Rate Bond has been assigned AA+. This rating signifies that Dangote Cement’s credit profile and liquidity is very strong, with low risk of default. The rating…

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