Fitch Ratings downgraded Dangote Industries Limited's credit rating to B+. He cites liquidity problems and the ability to raise funds as reasons

Fitch Ratings downgraded Dangote Industries Limited (DIL)'s credit rating to B+ and placed it under negative surveillance, citing concerns about the liquidity of the company and its ability to raise funds. According to Fitch style="font-family: "Bookman Old Style”, "serif">, “the downgrade reflects a significant deterioration in the group's liquidity position.” The agency reported that the group had not achieved its operational and financial goals and that it was also affected by the devaluations of the Naira currency. Fitch expects Dangote's margins in the cement sector to fall further this year due to a limited ability to pass on higher costs to consumers while demand