Fitch Ratings lowers Dangote Industries' debt rating amid liquidity concerns

Guardian | 07-08-2024 01:47am |

Fitch Ratings, an American credit rating agency, has downgraded the National Long-Term Rating of Dangote Industries Limited (DIL) from 'AA(nga)' to 'B+(nga)', citing a notable deterioration in the conglomerate's liquidity position. The downgrade also affects the senior unsecured debt rating issued by Dangote Industries Funding Plc, which has been reduced from 'AA(nga)' to 'B+(nga)'. Dangote [...]The post Fitch Ratings lowers Dangote Industries' debt rating amid liquidity concerns appeared first on The Guardian Nigeria News - Nigeria and World News.

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