Debt Information

On 28 January 2025, Global Credit ratings,

• Long-term Issuer rating affirmed at AA+ (NG), with a stable outlook, while the short-term issuer rating at A1+(NG) was with a stable outlook
• Long-term Issue rating of AA+ (NG) accorded to DCPs existing Bond issues and DCPs new N38.2bn Series 1 Bond, with the outlook accorded stable. 

December 2024, Moody’s

•  (P)B3 local currency rating and Baa3.ng national scale rating (NSR) to the NGN300 billion domestic medium-term programme issued by DCP.
• Caa1 long term corporate family rating (CFR). The rating outlook was upgraded to positive from stable, similar to that of the sovereign.

February 2023, Moody’s

• (P)B3 local currency rating and Baa3.ng national scale rating (NSR) to the NGN300 billion domestic medium-term programme issued by DCP.
• Caa1 long term corporate family rating (CFR). The rating outlook is stable, similar to that of the sovereign.

29 December 2022, Global Credit Ratings 

• long-term Issuer rating affirmed at AA+ (NG), with a stable outlook, while the short-term issuer rating at A1+(NG) was with a negative outlook
• long-term Issue rating of AA+ (NG) accorded to DCPs existing Bond issues and DCPs new N116bn Series 2 Bond, with the outlook accorded stable.

29th April 2022, Global Credit Ratings

• Long-term Issuer rating to AA+ (NG) and affirmed the short-term issuer rating of A1+(NG), with outlook as Stable 
• Long-term Issue rating of AA+ (NG) accorded to DCPs existing Bond issues and DCPSs new N116bn Series 2 Bond, with the outlook accorded stable. 

2nd December2021, Moody’s

• Affirmed the (P)B2 local currency rating and Aa3.ng national scale rating (NSR) to the NGN300 billion domestic medium-term programme issued by DCP.

• Affirmed a B2 long term corporate family rating (CFR). The rating outlook is stable similar to that of the sovereign.