DataPro Upgrades Dangote Cement's Rating to AA+

DataPro, a technology-driven credit rating agency, has upgraded the long-term credit rating of Dangote Cement Plc to AA+ from AA. This upgrade reflects the company's sustained financial strength, resilient operational performance, and continued leadership in Nigeria's and Africa's cement industry.

The agency affirmed Dangote Cement's short-term rating at A1 and maintained a stable outlook, which is valid until June 16, 2027. The upgrade follows a comprehensive assessment of the company's capitalization, earnings quality, liquidity, corporate governance, and regulatory compliance, which sustain its financial performance in the medium to long term.

Mr. Kehind Rashe, who manages client services, noted that the upgrade reflects the company's consistently strong fundamentals that underpin its dominant market position, widely recognized brand, robust asset base, and healthy earnings profile. The experienced management team continues to reinforce the company's ability to meet its financial obligations promptly, despite prevailing macroeconomic and industry challenges.