Debt Information

30th March 2021, Global Credit Ratings

• Upgraded the long term Issuer rating to AAA (NG), and affirmed the short term issuer rating of A1+(NG), with outlook as Stable.
• Upgraded the long term Issue rating of AAA (NG) accorded to DCPs existing N100bn Series 1 Fixed Rate Bond, and assigned an indicative rating of AAA (NG) to its proposed Up to N300bn Bond.

25th March 2021, Moody’s

• Assigned a (P)B2 local currency rating and Aa3.ng national scale rating (NSR) to the NGN300 billion domestic medium-term programme issued by DCP.
• Assigned a B2 local-currency rating and Aa3.ng NSR to the proposed series 1 notes to be issued under the programme.
• Affirmed DCP’s B1 corporate family rating (CFR). The rating outlook is negative similar to that of the sovereign