Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

GCR Upgrades Lafarge Africa Rating to AA+ With Stable Outlook GCR Ratings has upgraded Lafarge Africa Plc’s national scale long-term issuer rating to AA+ (NG) from AA (NG) previously, according to a recently released rating note. The rating firm also affirmed the short-term issuer rating at A1+ (NG) with a stable outlook. According to GCR, The Stable Outlook mirrors the agency’s expectation that Lafarge Africa would maintain a strong leverage and liquidity position over the next 18 months. It expects this expectation to be supported by the huge cash holding and the scale back of capital spending. “We also expect…

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