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Moody’s assigns Dangote notes B2
Moody’s Investors Service said it assigned a B2 local currency rating and Aa3.ng national scale rating to the proposed series 1 notes to be sold by Dangote Cement plc. The company plans to sell the notes through an NGN 300 million medium-term note program.
Moody’s affirmed the company’s B1 rating. The outlook is negative.
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