GCR upgrades Dangote Cement’s long-term issuer rating
GCR Ratings, Africa’s largest credit rating agency, has upgraded the long-term issuer rating of Dangote Cement Plc to AAA (NG),
GCR Ratings, Africa’s largest credit rating agency, has upgraded the long-term issuer rating of Dangote Cement simulated ₦616.94 ▲0.35% Plc to AAA (NG), the cement producer said on Thursday.
The company said the rating agency affirmed its short-term issuer rating of A1+(NG), with outlook accorded as stable.
“Dangote Cement Plc’s existing N100bn Series 1 Fixed Rate Bond is the only corporate bond at AAA rating in Nigeria,” it said on Twitter.
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