GCR upgrades Axxela’s national scale long-term issuer rating to A+(NG) with a stable outlook

Axxela Limited, a leading gas and power portfolio company in sub-Saharan Africa, has announced that GCR has upgraded its long-term issuer rating to A+(NG) and affirmed its short-term issuer rating at A1(NG), with a Stable Outlook.The upgrade reflects Axxela’s robust business model, and strong earnings performance, and sustained financial profile, reinforcing the company’s ability to […] The post GCR upgrades Axxela’s national scale long-term issuer rating to A+(NG) with a stable outlook appeared first on Nairametrics .