Fitch Ratings has withdrawn Dangote Industries Limited’s (Dangote) National Long-Term Rating and senior unsecured rating of ‘B+ (nga)’, while maintaining them on Rating Watch Negative (RWN).
The global rating agency said the rating watch negative of the group that it recently accored the group was not resolved due to the pending refinancing of the company’s maturing debt.
“Fitch will no longer provide ratings or analytical coverage for Dangote and has withdrawn them for commercial reasons”. Dangote is a conglomerate based in Nigeria and West Africa. Its key business segments are cement, fertiliser, oil refining and food. #Fitch Withdraws All Ratings for Dangote Industries CBN Opens FX Window for BDC to Stock up at NFEM Rate
Stay ahead with the latest updates!
Join The Podium Media on WhatsApp for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
Chat with Us on WhatsApp