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Share 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 N100bn 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 accorded to Dangote Cement is an investment...

Punch Newspapers Sections Dangote Cement Plc has bagged AA+(NG) and A1+(NG) ratings from Global Credit Ratings. 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, as well as with the outlook accorded as stable, according to a statement by the company on Wednesday. In addition, the cement firm’s N100bn Series 1 Fixed Rate Bond has been assigned AA+. According to the statement, this rating signifies that Dangote Cement’s credit profile and liquidity is very strong, with low risk of default...