DataPro Upgrades Dangote Cement’s Long-term Rating to AA+

Technology-driven credit rating agency DataPro has upgraded Dangote Cement Plc's long-term credit rating to AA+ from AA. The agency cited the company's sustained financial strength, resilient operating performance, and continued leadership in the Nigerian and African cement industry as key factors for the upgrade.

DataPro also affirmed Dangote Cement's short-term rating at A1 and maintained a Stable Outlook. This rating is valid until June 16, 2027. The assessment followed a comprehensive review of the company's capitalization, earnings quality, liquidity, corporate governance, regulatory compliance, and the sustainability of its financial performance over the medium to long term.

According to Mr. Kehinde Rasheed, Business Development & Client Services Manager at Dangote Cement, the upgrade underscores the company's consistently strong fundamentals. These include its dominant market position, widely recognized brand, robust asset base, healthy earnings profile, and experienced management team. These strengths continue to reinforce the company's ability to meet its financial obligations promptly, even amidst prevailing macroeconomic and industry challenges.

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The upgrade reflects the company’s consistently strong fundamentals, underpinned by its dominant market position, widely recognised brand, robust asset base, healthy earnings profile and experienced management team.