DATAPRO upgrades Dangote Cement Plc long-term rating to AA+, outlook stable
Orisemeke Benjamin
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 sustained financial strength, resilient operating performance and leading market position within Nigeria and across Africa.
In a statement signed by Kehinde Rasheed Business Development & Client Services Manager, the assessment 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. It is meant for reference purposes.
