Moody’s downgrades Dangote Cement rating to B1

Moody’s Investors Service, has downgraded Dangote Cement Plc’s (DCP) corporate family rating (CFR) to B1 from Ba3. At the same time Dangote Cement ‘s probability of default rating was downgraded to B1-PD from Ba3-PD. The company’s national scale rating (NSR) remains unaffected at Aaa.ng. The outlook on the ratings is stable. This follows the downgrade ...