Lagos, Nigeria, 29 April 2022 – GCR Ratings (“GCR”) has revised Dangote Cement Plc’s national scale long-term Issuer rating to AA+(NG), from AAA(NG) previously, and affirmed the short-term Issuer rating at A1+(NG), with the Outlook accorded as Stable. This followed a recent review of Dangote Industries Limited (“DIL” or “the Group”), the parent company, which created a group ratings cap at the AA+(NG). Concurrently, ...
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