30 results
- 3 Aug 2022
Global Credit Rating Affirms NOVA Merchant Bank’s Bbb, A3 Ratings
Global Credit Rating has affirmed NOVA Merchant Bank Limited’s national scale long and short-term ratings of BBB(NG) and A3(NG) respectively, with a Stable Outlook. The ratings agency explained that…
- 17 Oct 2021
Fairmoney Receives Investment Grade Ratings from Global Credit Ratings
FairMoney Nigeria, a digital bank, has obtained investment-grade ratings, BBB (NG) Long Term, and A3 (NG) Short Term with a stable outlook by Global Credit Rating (GCR). The assigned ratings were…
- 23 Jun 2025
S&P Global Ratings Downgrades Ecobank Nigeria’s Credit Rating to CCC-, Outlook Negative
Ecobank Nigeria’s long-term issuer credit rating has been downgraded to ‘CCC-’ from CCC, with the outlook placed at negative by S&P Global Ratings. This is a resultant effect of the $150 million…
- 21 Jul 2021
Agusto, GCR Affirm InfraCredit’s ‘AAA’ Long Term Credit Ratings
Rating agencies, Agusto & Co and Global Credit Ratings (GCR) have re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited (InfraCredit), specialised infrastructure…
- 28 Jul 2026
S&P Global Acquires Agusto & Co. to Strengthen Credit Ratings Across Africa
S&P Global has agreed to acquire a majority stake in Agusto & Co., one of Africa’s oldest and largest domestic credit rating agencies, in a move that signals growing international interest in…
- 15 Apr 2021
Accelerex Gets Investment Grade Credit Ratings from GCR
Global Accelerex, the Nigerian subsidiary of Accelerex Holdings Mauritius (Accelerex) has been assigned A-Credit rating by Agusto & Co and A2NG (short term, stable outlook) credit rating by…
- 26 Aug 2022
Agusto, GCR Affirm ‘AAA’ Long Term Credit Rating of InfraCredit
For the fifth consecutive year, rating agencies, Agusto & Co (“Agusto”) and Global Credit Ratings (“GCR”) re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited…
- 13 Dec 2018
Nigeria’s OneFi Secures First Ever Credit Rating for an African Fintech
One Finance Limited (OneFi) announces that is has been assigned a “BB” rating with a Stable outlook, from Global Credit Rating Co. The company behind Paylater, Nigeria's leading digital financial…
- 23 Jun 2021
MTN Nigeria Gets Highest Possible Credit Ratings from GCR
Global Credit Ratings (GCR) has upgraded the national scale long-term issuer rating of MTN Nigeria Communications Plc (MTN Nigeria) to AAA and affirmed the national scale short-term rating of A1+,…
- 12 Apr 2021
Accelerex Gets Investment Grade Credit Ratings from Agusto & Co, GCR
Global Accelerex, the Nigerian subsidiary of Accelerex Holdings Mauritius (Accelerex) has been assigned A- (stable outlook) credit rating by Agusto & Co and A2NG (short term, stable outlook)…
- 23 Jun 2021
MTN Nigeria Bags CGR Highest Credit Ratings with Stable Outlook
The Global Credit Ratings (GCR) has upgraded the national scale long-term issuer rating of MTN Nigeria to AAA and affirmed the national scale short-term rating of A1+, with a stable outlook. In…
- 9 Feb 2022
Sovereign Trust Insurance Gets GCR A Rating
International Credit Rating Agency, Global Credit Rating Limited (GCR) has confirmed Sovereign Trust Insurance Plc as an A rated underwriting firm. The agency gave the confirmation at its 2021 rating…
- 29 Jan 2023
Moody's Downgrades Nigeria’s Credit Rating
Moody’s Investors Service has downgraded Nigeria’s rating further as the global credit ratings agency expects the government’s fiscal and debt position to worsen as the government grapples with…
- 8 Sept 2022
GCR Upgrades Greenwich Merchant Bank’s Credit Rating to “BBB” With A Stable Outlook
Greenwich Merchant Bank Limited’s Credit Rating has been upgraded from “BBB-“ to “BBB” with a stable outlook by the Global Credit Rating (GCR). This is in addition to the rating “BBB” assigned by…
- 14 Feb 2025
African Union Launches Credit Rating Agency to Promote Regional Economic Integration
The African Union has taken a significant step towards promoting economic resilience in Africa with the launch of the African Credit Rating Agency (AfCRA). The new agency aims to provide a fair,…
- 20 Jun 2023
DataPro Suspends Tingo Mobile’s Credit Rating
Rating agency and data protection compliance organisation, DataPro says it has suspended Tingo Mobile’s Credit Rating due to the company’s inability to provide required additional information to…
- E-Financial18 Aug 2026
Agusto & Co Withdraws A-credit Rating on Geregu Power Over Bond Default
Agusto & Co has withdrawn the ‘A-’ credit rating it assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond following the company’s default on the bond’s eighth coupon payment and fourth principal repayment.
- 22 Oct 2023
Yuguda, SEC DG Explains How Credit Rating Agencies Influence Investment Decisions
Lamido Yuguda , The Director General Securities and Exchange Commission, SEC, has said credit rating agencies, CRAs, play an important role in infrastructural development by providing independent…
- 8 Jun 2026
Payaza Secures ‘A’ Credit Ratings from Moody’s, Agusto, DataPro, Intelligence Africa
Payaza Africa, a payments infrastructure company, has earned strong credit ratings from four major rating agencies, reinforcing its growing reputation as a resilient and credible player in Africa’s…
- 31 Oct 2021
SEC Urges Credit Rating Agencies to Focus on Investor Protection
The Securities & Exchange Commission (SEC) has admonished Credit Rating Agencies (CRAs) operating in Nigeria to focus on investors’ protection in all their dealings, services and activities…
- 22 Jul 2022
Agusto & Co. Assigns “BBB” Credit Rating with a Stable Outlook to Greenwich Merchant Bank
Greenwich Merchant Bank Limited has been rated “BBB” with a Stable Outlook by Agusto & Co.’’ According to Agusto & Co, “this rating reflects Greenwich Merchant Bank’s adequate capitalization,…
- 31 Dec 2012
Fitch, GCR Give UBA Good Ratings
United Bank for Africa (UBA) Plc, has been given impressive rating by two top world leading rating agencies, Global Credit Rating Co. (GCR) and Fitch Ratings (Fitch). Nasir Ramon, bank’s head of…
- 31 Dec 2012
Fitch, GCR Give UBA Good Ratings
United Bank for Africa (UBA) Plc, has been given impressive rating by two top world leading rating agencies, Global Credit Rating Co. (GCR) and Fitch Ratings (Fitch). Nasir Ramon, bank’s head of…
- 2 Feb 2021
S&P Global Affirms African Development Bank’s AAA rating with Stable Outlook
Ratings agency S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a stable outlook. The ratings agency said its outlook reflected…
- 28 Apr 2026
Payaza Secures Dual Credit Rating Upgrades, Expands Footprints in Africa
Payaza Africa, a payments infrastructure company in Africa, has strengthened its market position with two major rating milestones. While rating firm, DataPro upgraded Payaza from A to AA-,…
- 18 Jul 2022
Afreximbank Gets its GCR Rating Upgraded to ‘A’
The Global Credit Rating (GCR) has upgraded African Export-Import Bank (Afreximbank) international scale long-term issuer rating from A- to A, with stable outlook. The rating agency also upgraded the…
- 13 Dec 2023
TAJBank Earns Highest Credit Ratings in NIB Sector
TAJBank Limited, Nigeria’s leading non-interest banking services provider, has again set a record with Bbb+ rating by the foremost rating agency – Agusto & Co -, thereby making the fast-growing…
- 9 Aug 2021
GCR Assigns Investment Grade Ratings to Greenwich Merchant Bank
Greenwich Merchant Bank Limited has been rated BBB- (NG) Long Term, and A3 (NG) Short Term with a stable outlook by global credit rating agency, GCR Ratings. The assigned rating is premised on…
- 21 Jul 2020
Fitch Affirms Triple ‘A’ Rating of AfDB, with Stable Outlook
According to the agency, “the ‘AAA’ rating of the AfDB is driven by extraordinary support it receives from its shareholders, which Fitch Ratings assesses at ‘aaa’” Fitch Ratings, the global credit…
- 22 Jun 2020
S&P Global Affirms African Development Bank’s AAA Rating, with Stable Outlook
Ratings agency S&P Global has affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively…