“Firm owned by Africa’s richest man is currently dealing with $2 billion in syndicated senior debt and $1.65 billion in intra-group loans that can be called in at any time.” While Fitch has stopped monitoring Dangote Industries, other agencies like Moody’s and S&P Global Ratings are expected to continue assessing the company. Fitch Ratings announced on Feb. 11 it will no longer assess Dangote Industries. After keeping the Nigerian conglomerate under negative watch due to refinancing struggles, the credit rating agency has decided to withdraw all…
Read More‘After Consistent Downgrade,’ Fitch Withdraws All Rating For Dangote Industries +Reasons
