DataPro Upgrades Dangote Cement’s Long-Term Credit Rating to AA+, Affirms Stable Outlook
DataPro Upgrades Dangote Cement’s Long-Term Credit Rating to AA+, Affirms Stable Outloo
DataPro, the Technology-Driven Credit Rating Agency (CRA), has in its latest report
upgraded the long-term credit rating of Dangote Cement Plc to AA+ from AA while affirming the company’s short-term rating of A1.
The rating carries a stable outlook
and is valid until June 16, 2027.
The rating upgrade reflects Dangote Cement Plc’s sustained financial strength, resilient
operating performance and leading market position within Nigeria and across Africa.
The assessment, according to its
Business Development and Client Services Manager Kehinde Rasheed, was based on a comprehensive review of the company’s
capitalization,
earnings profile, liquidity, corporate governance, regulatory compliance, and the sustainability of its financial performance over the medium to long term.
The rating is underpinned by the company’s strong brand presence, dominant market
share, healthy earnings profile, robust asset base, and experienced management team.
These strengths continue to support Dangote Cement’s capacity to meet its financial
obligations in a timely manner despite prevailing macroeconomic and industry headwinds.
The review noted that Dangote Cement delivered an exceptional financial performance
in 2025, recording revenue of ₦4.31 trillion, representing a 20% year-on-year increase,
while Profit Before Tax rose by 109% to ₦1.53 trillion.
The company’s profitability was
strengthened by strong revenue growth, improved operating efficiency, lower finance
costs and a stronger capital structure.
The AA+ long-term rating denotes lower risk, signifying excellent financial strength,
operating performance and business profile relative to DataPro’s rating benchmarks,
while the A1 short-term rating indicates Good Credit Quality and a satisfactory capacity for the timely payment of financial commitments.
DataPro notes that the rating carries a maximum shelf life of 12 calendar months, in line
with International Best Practice.
The rating is, therefore, not an offer to trade in
securities nor a substitute for the user’s judgement, but it is meant for reference purposes.
