GCR affirms favorable AA+ rating for Dangote Industries
GCR Ratings has affirmed Dangote Industries Limited’s national long-term and short-term issuer ratings of AA+ and A1+, respectively. In its report on Tuesday, GCR also raised the country’s long-term financing of Dangote Industries Funding Company’s NGN10.5 billion Series 1 Tranche A Note at AA+(NG) and the NGN177.1 billion Series 2 Tranche B Emphasize the note….