Dangote industries downgraded by Fitch Ratings

International rating agency Fitch Ratings has downgraded Dangote Industries Limited’s national Rating to ‘B+(nga) and placed the ratings on Rating Watch Negative. This is coming from a National Long-Term Rating of ‘AA(nga)’. Also, the senior unsecured debt rating issued by  Dangote Industries Funding Plc has been reviewed downwards to ‘B+(nga)’ from ‘AA(nga)’. Dangote was affirmed

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