Lafarge Africa keeps top rating

Lafarge Africa’s long-term and short-term national scale issuer top ratings have been affirmed by a rating agency.

The Nigeria-based industrials producer’s long-term rating has been kept at AA-(NG) while the short-term national scale issuer rating has been affirmed at A1+(NG) – with a stable outlook.

Lafarge has been affirmed on its strong credit risk profile, improving earnings trajectory and relatively strong cash flows since the operational rationalisation in 2019.

The stable outlook reflects the rating agency’ expectation that Lafarge will continue to report strong earnings and strong cash flows, whilst maintaining a conservative funding profile.

 See issuer profile here